Most art and antiques are _____, and the transaction costs are ____ compared to those of financial assets.
A) illiquid; low
B) illiquid; high
C) liquid; low
D) liquid; high
E) correlated to bonds; high

Question

Quizplus · Accepted Answer

Most art and antiques are illiquid assets, meaning they cannot easily be bought, sold, or converted into cash without a significant loss in value, making the transaction costs high compared to financial assets.

Most Art and Antiques Are _____, and the Transaction Costs