Answer thank you An asset that can quickly be converted into cash is known as a(n):a) Intangible assetb) Liquid assetc) Fixed assetd) Contra-asset

Explanation of Liquid Asset:A liquid asset is an asset that can quickly be converted into cash…

Answered: An asset that can quickly be converted…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter6: Fixed-income Securities: Characteristics And Valuation

Section: Chapter Questions

Problem 6QTD

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Please I want answer for this according to your understanding and experience. Thanks
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An asset that can quickly be converted into cash is known as a(n): a) Intangible asset b) Liquid asset c) Fixed asset d) Contra-asset