Which of the Following Is Not a Liquid Asset

question 101

Multiple Choice

Which of the following is not a liquid asset?

• A)Cash in your pocket
• B)Money in a savings account
• C)Access to your credit card
• D)Money in your chequing account

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Definitions:

Negotiable

describes an item, typically a financial instrument like a check or bill of exchange, that can be endorsed and transferred from one party to another.

UCC Article 3

A portion of the Uniform Commercial Code that governs negotiable instruments, including checks, promissory notes, and drafts.

Definite Time

A term used to denote a specific, clear, and unambiguous point or period in time agreed upon in various contexts, such as contracts or scheduling.

Completion of Building

The final stage in the construction process when a building is declared finished according to the set standards or specifications, often marked by a certificate of occupancy.