Multiple Choice
A liquid asset is defined as an asset which:
A) Has a physical presence and can be touched.
B) Can be quickly converted into cash without significant loss in value.
C) A firm expects to own for a period of ten years or more.
D) Has no physical presence, such as a patent.
E) A firm purchased with cash within the last year.
Correct Answer:
Verified
Correct Answer:
Verified
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