Answered

The amount of money in a savings account is an example of which of the following?

A. Investment asset
B. Liquid asset
C. Long-term asset
D. Use asset

Please select the best answer from the choices provided:

OA
OB
OC
OD



Answer :

GinnyAnswer

Final answer:

A savings account is an example of a liquid asset due to its ease of conversion into cash.


Explanation:

Liquidity refers to how quickly you can convert an asset into cash with minimal loss in value. A savings account is considered a liquid asset because although it may take some time and effort to withdraw the funds, the process is relatively easy compared to converting other assets like real estate into cash.


Learn more about Liquidity and Assets here:

https://brainly.com/question/29760652


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