Given the list of assets below,which is the least liquid?
A)$500 worth of General Motors common stock
B)$500 worth of General Motors bonds
C)a $500 traveler's cheque
D)a Renoir painting.

Question

Quizplus · Accepted Answer

The Renoir painting is the least liquid asset out of the given options, as it may take time to find a buyer who is willing to pay a fair price. In contrast, the other options can be easily converted into cash or used for transactions.

Given the List of Assets Below,which Is the Least Liquid