QUESTION IMAGE
Question
which of the following is the least liquid?
savings account
checking account
credit account
investment account
Liquidity refers to how easily an asset can be converted to cash. A checking account allows for easy access to funds via checks, debit cards etc. A savings account also allows relatively easy access, though may have some limits on withdrawals. A credit account is not about having cash - it's about borrowing money. An investment account, such as stocks or bonds, often requires selling assets which may take time and may involve fees or market - based losses, making it the least liquid among these.
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D. investment account