ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Cash and items of value that can easily be converted to cash
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Debt
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Liability
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Long-term asset
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Liquid/current asset
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Explanation:
Detailed explanation-1: -Investments – Investments are considered to be liquid because it can be easily liquidated. For example, bonds, mutual funds, stock’s share, and money market funds are a few examples of investment liquid asset. Such assets are converted into cash very easily whenever there are any financial crises.
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