Which of the Following Assets Is the MOST Liquid

question 100

Multiple Choice

Which of the following assets is the MOST liquid?

• A) Inventory
• B) Prepaid expenses
• C) Accounts receivable
• D) Cash

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Definitions:

Co-insurance Clause

A provision in an insurance policy that requires the policyholder to bear a portion of the risk by paying a percentage of the total claim amount.

Apportions Losses

The process of dividing or allocating financial losses among different parties, usually according to a predetermined formula or agreement.

Insurance Companies

Businesses that provide coverage, in the form of compensation resulting from loss, damages, injury, treatment or hardship in exchange for premium payments.

Coinsurance Clause

A provision in an insurance policy that requires the policyholder to bear a portion of the risk by paying a percentage of the total claim.