Nick Rodr has a savings account with $550 in it. He knows that he can withdraw this money from his savings account whenever he wishes: This would be an example of:

A. money management.

B. an opportunity cost.

C. a balance sheet.

D. a liquid asset.

Question

Nick Rodr has a savings account with $550 in it. He knows that he can withdraw this money from his savings account whenever he wishes: This would be an example of:

  A. money management.

  
B. an opportunity cost.	
  
C. a balance sheet.	
  
D. a liquid asset.

anonymous · Answer

D. a liquid asset. Liquid assets are cash on hand or any tangible or intangible item that can be converted quickly and easily into cash, typically within 20 days, without losing much of their value.