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xz_007 [3.2K]
3 years ago
14

Prompt What is the difference between liquid and illiquid assets?

Business
2 answers:
Lynna [10]3 years ago
4 0

Answer:

Liquid assets may be cash or property that can readily be converted to cash without a substantial loss in value. While on the other hand, Illiquid or fixed assets are possessions of value that are held long-term such as a home, land or equipment.

Hope this helps

Volgvan3 years ago
4 0

Answer:

Liquid assets may be cash or property that can readily be converted to cash without a substantial loss in value. ... Illiquid or fixed assets are possessions of value that are held long-term, such as a home, land, or equipment

Explanation:

I think it will help But if im wrong Its ok:)

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