The ease with which an asset can be converted quickly into physical or electronic cash, with little or no loss of purchasing power, is called what?

Question

The ease with which an asset can be converted quickly into physical or electronic cash, with little or no loss of purchasing power, is called what?
Multiple choice question.

Convertibility

Liquidity

Exchange

Checkable deposit

GPT-4o mini · Answer

The correct answer is **Liquidity**.