Question

Angel is 35 years old. She has $550 in a checking account, $6,500 in investments, $15,000 in a retirement account, and owns a house worth $30,000. What is the total value of her liquid assets?

Answer 1

$7,050. Because the term "liquid Assets" refer to money, investments, and generally things that can be liquidated into direct cash in less than 30 days. So if you add the $550 in the Checking Account, and $6500 in investments. You get $7050