Question

What are liquid assets?
A.
Assets a company must never sell
B.
Assets that are difficult to turn into cash
C.
Assets that are easily turned into cash
D.
Assets a company owes to another company

Answer 1

@undeadknight26

Answer 2

This would be C.

A liquid asset is cash on hand or an asset that can be readily converted to cash. An asset that can readily be converted into cash is similar to cash itself because the asset can be sold with little impact on its value. ... Investments are considered liquid assets because they can be readily liquidated.