Which type of account is typically the MOST liquid?
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Which Type of Account Is Usually the Most Liquid? Liquidity in finance by the book is how quickly any asset can be changed in to hard cash. Therefore, any account having only cash can be said as the most liquid. For instance, achecking or a saving account could be considered the most liquid accounts.
piyush6389:
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Out of three major category of accounts..Nominal Accounts are most liquid as they cover for receivables/payables &cash transactions.
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