ECONOMICS
SAVING AND INVESTING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How quickly and easily an asset can be converted into cash
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The amount of savings available
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A measurement of how much a person or household owns once all debts have been paid
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None of the above
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Detailed explanation-1: -Kylee’s personal finance class has been discussing the importance of understanding liquidity and she is trying to explain the term to another student.
Detailed explanation-2: -What two factors are considered in managing liquidity? deciding how much money to retain in liquid form and how much to invest. What factors are considered in managing financing? the size of the loan you can afford to borrow.
Detailed explanation-3: -An understanding of personal finance enables you to make more informed decisions about your financial situation. You would also be able to better judge the advice of financial advisers. You might even pursue a career as a financial adviser.
Detailed explanation-4: -Watch to learn about six personal finance topics that can have a big impact on your life: budgeting, saving, debt, taxes, insurance, and retirement.