Liquidity is best defined as the ease of converting an asset into cash. the direct exchange of goods and services for other goods and services. anything that is accepted in exchange for goods or for the payment of debt. money with no intrinsic value. Identify which asset is the most liquid. checking account

Question

Addison Faulkner

Business

2 December, 16:39

Liquidity is best defined as the ease of converting an asset into cash. the direct exchange of goods and services for other goods and services. anything that is accepted in exchange for goods or for the payment of debt. money with no intrinsic value. Identify which asset is the most liquid. checking account

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Adeline Johnson · Answer 1

The ease of converting an asset into cash

checking account

Explanation:

Liquidity is the term used to describe how easy it is to convert assets to cash

This is because liquidity has the ability to quickly turn financial asset into cash. For shares, it is the investor's ability to buy or sell holdings from the ready market.

and for most liquid:

checking account is a part of money that is measure M1 which is most liquid.