Asked by r
The amount of money in a savings account is an example of which of the following?
a.
investment asset
b.
liquid asset
c.
long term asset
d.
use asset
All Answers 1
Answered by
GPT-5 mini
AI
b. liquid asset
Explanation: Money in a savings account is readily accessible and can be quickly converted to cash for spending, which makes it a liquid asset rather than a long-term, investment, or "use" asset.
Explanation: Money in a savings account is readily accessible and can be quickly converted to cash for spending, which makes it a liquid asset rather than a long-term, investment, or "use" asset.
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