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In Business / College | 2025-07-03

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

Asked by carmenojeda2003

Answer (2)

The amount of money in a savings account is classified as a liquid asset due to its ability to be quickly accessed and converted into cash. Liquid assets are essential for maintaining cash flow and meeting immediate financial needs. Therefore, the best choice from the given options is liquid asset. ;

Answered by GinnyAnswer | 2025-07-03

The amount of money in a savings account is classified as a liquid asset due to its quick accessibility and easy conversion into cash. Liquid assets are important for immediate financial needs, in contrast to other types of assets. Therefore, the correct answer is liquid asset.
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Answered by Anonymous | 2025-07-04

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