Question

What is Liquid Asset?

Explain in Short only.​

Answer 1

Answer:

A liquid asset is a reference to cash on hand or an asset that can be readily converted to cash. An asset that can readily be converted into cash is similar to cash itself because the asset can be sold with little impact on its value. ... Cash on hand is considered a liquid asset due to its ability to be readily accessed.

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Answer 2

Answer:

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