BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which among the following is considered to be the most liquid asset?
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Gold
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Money
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Land
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Treasury bonds
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Explanation:
Detailed explanation-1: -Cash in hand is considered the most liquid asset in accounting.
Detailed explanation-2: -Cash is the most liquid asset possible as it is already in the form of money.
Detailed explanation-3: -Cash is universally considered the most liquid asset because it can most quickly and easily be converted into other assets.
Detailed explanation-4: -Money is the most liquid of all assets. A liquid asset is cash on hand or an asset that can be easily converted to cash.
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