ECONOMICS
MONEY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Gold
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Money
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Treasury Bonds
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Land
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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 most liquid asset because it is used for buying and selling goods and services instantly without losing its own value.
Detailed explanation-4: -Since currency of any country is already in the form of cash. Therefore, currency is considered the most liquid asset among all the assets in the economy. Was this answer helpful?
Detailed explanation-5: -Cash is your most liquid asset because you don’t need to take further steps to convert it – it’s already cash. You can use it to pay for a good or service immediately and also use it to settle any outstanding debts. Cash is usually held in checking accounts, savings accounts or money market accounts.