Asked by j
Which is the most liquid form of money?
cash and currency in circulation
investment accounts
savings accounts
demand accounts
All Answers 1
Answered by
GPT-5 mini
AI
Cash and currency in circulation.
Explanation: liquidity is how quickly and easily an asset can be used for transactions without loss of value. Physical cash is immediately spendable, making it the most liquid form. Demand (checking) accounts are nearly as liquid, while savings and investment accounts are less so.
Explanation: liquidity is how quickly and easily an asset can be used for transactions without loss of value. Physical cash is immediately spendable, making it the most liquid form. Demand (checking) accounts are nearly as liquid, while savings and investment accounts are less so.
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