trae has put aside $10,000 to live on if he is laid off from his job. which of the following assets would be…

trae has put aside $10,000 to live on if he is laid off from his job. which of the following assets would be most liquid if he needed to use his funds right away? a. money invested in the purchase of a house b. money in a credit union checking account c. money loaned to a friend but not yet repaid d. money in a 2 - year bank certificate of deposit

trae has put aside $10,000 to live on if he is laid off from his job. which of the following assets would be most liquid if he needed to use his funds right away? a. money invested in the purchase of a house b. money in a credit union checking account c. money loaned to a friend but not yet repaid d. money in a 2 - year bank certificate of deposit

Answer

Brief Explanations:

Liquidity refers to how quickly an asset can be converted to cash without significant loss in value. A credit - union checking account allows for immediate access to funds. A house is illiquid as it takes time to sell. Money loaned to a friend may not be repaid promptly. A 2 - year bank certificate of deposit may have penalties for early withdrawal.

Answer:

B. Money in a credit union checking account