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WAEC GCE Nov/Dec 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 332996

The most liquid asset among the following is

Economics
WAEC 2023

The most liquid asset among the following is

  • A. bonds
  • A. cheque
  • C. cash
  • D. shares
WAEC GCE Nov/Dec 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 332996
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Correct Answer: Option C
Explanation

Liquidity refers to how easily an asset can be converted into cash without loss of value. Cash is the most liquid asset because it can be used to purchase goods and services immediately. Shares, bonds, and cheques are less liquid because they cannot be converted into cash as easily.


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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC GCE Nov/Dec 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 332996

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WAEC GCE Nov/Dec 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 332996
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
Join your school's WhatsApp group
Join your school's WhatsApp group
WAEC GCE Nov/Dec 2024 - Practice for Objective & Theory - From 1988 till date, download app now - 332996
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts