What term means cash and items that can be quickly converted to cash?

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Multiple Choice

What term means cash and items that can be quickly converted to cash?

Explanation:
Liquid assets describe cash and items that can be converted to cash quickly. Liquidity is about how fast an asset can be sold or accessed with little to no loss of value. Cash is the most liquid form, and other near-cash items like funds in savings or money market accounts and short‑term investments are considered liquid because they can be turned into cash readily. The other options don’t refer to a category of assets that are readily convertible to cash—saving accounts describe where you store money, personal income is earnings, and a marketing campaign is unrelated to assets.

Liquid assets describe cash and items that can be converted to cash quickly. Liquidity is about how fast an asset can be sold or accessed with little to no loss of value. Cash is the most liquid form, and other near-cash items like funds in savings or money market accounts and short‑term investments are considered liquid because they can be turned into cash readily. The other options don’t refer to a category of assets that are readily convertible to cash—saving accounts describe where you store money, personal income is earnings, and a marketing campaign is unrelated to assets.

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