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Reil [10]
3 years ago
12

Liquidity refers to the degree of readiness of conversion of an asset into cash. True or false

Mathematics
2 answers:
Vanyuwa [196]3 years ago
8 0

Answer:

The statement is True.

Step-by-step explanation:

  • Liquidity describes the degree to which an asset or security can be quickly bought or sold in the market without affecting the asset's price.
  • A liquid asset is cash on hand or an asset that can be readily converted to cash. An asset that can readily be converted into cash or is similar to cash itself because the asset can be sold with little impact on its value.

Hence, the given statement is TRUE. (Liquidity refers to the degree of readiness of conversion of an asset into cash).

alexira [117]3 years ago
5 0
Its true hope it helps you.
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