Finance Quick Answers
What is a liquid asset?
A liquid asset is one that can quickly be turned into
cash without significant loss. Checking accounts,
savings accounts, and money market accounts are all
liquid. Things such as your house, coin collections, and
artwork are not very liquid.
Dr. Joyce Cavanagh, Former Assistant Professor and State Specialist, Consumer and Family Economics
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Last update: Sunday, July 20, 2008
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