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4 March, 02:50

Consider the relative liquidity of the following assets: Assets 1. The funds in a money market account 2. A share in a publicly traded company 3. A $10 bill 4. A boat you own Select the assets in order of their liquidity, from most liquid to least liquid.

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  1. 4 March, 06:15
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    The answer is,

    a $10

    The funds in a money market account

    a share in a publicly traded company

    a boat you own

    Explanation:

    Liquidity simply means the ability of an asset to convert in to cash. The more tangible the asset is, harder it will be to convert. More financial the asset be (like bonds, stocks), the easier the conversion will be.

    And of course, money doesn't need to converted in to cash right?
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