A Liquid Asset Is Defined as an Asset Which

question 358

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.

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Definitions:

Run

To start or execute a program or process in computing.

App

Short for application, referring to a software program designed to perform specific tasks on computing devices.

Quick Reference Bar

A toolbar that provides easy access to frequently used commands and tools within a software application.

App Bar

A graphical control element typically found at the top of an app, containing buttons and icons for frequently used functions.