Question

What is liquid money ?

Answer 1

a liquid that asset to be readly converted into cash is called liquid money.

Answer 2

Answer:

Explanation:

Liquidity of money means quick and easy convertibility of assets into cash. The most liquid asset is money (in the form of cash).

• HIGH LIQUIDITY - When money is easy to get. Example- Shares, mutual funds, Debit cards etc

• LOW/TIGHT LIQUIDITY - When money is difficult or expensive to get. Example- Mortgages etc