Which of the Following Assets Is Likely to Be Considered

question 73

Multiple Choice

Which of the following assets is likely to be considered the most liquid?

• A)marketable securities
• B)net fixed assets
• C)accounts payable
• D)inventories

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Definitions:

Executive

refers to the branch of government responsible for implementing and enforcing laws, typically headed by a president or prime minister.

Unanimous Agreement

A consensus where all parties involved fully agree on a decision or statement without opposition.

Interstate Commerce

Economic activities or transactions that cross state boundaries or involve more than one state, regulated by the federal government in many countries.

Stay and Tender Laws

Legislative measures that prevent creditors from seizing the property of debtors and require debtors to make payment in a legal tender, typically applied during financial crises to provide relief.