Multiple choice general knowledge

What is the business term for assets which can be immediately turned into cash?

  1. Property

  2. liquid assets

  3. Cash

  4. coins
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

Liquid assets are assets that can be quickly converted to cash with minimal impact on their value. This includes cash itself, checking accounts, and marketable securities. Property and coins are physical assets that may take time or costs to convert.

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