Assets that are easily converted into cash are termed

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Multiple Choice

Assets that are easily converted into cash are termed

Explanation:
Liquidity is the ability to convert assets into cash quickly and with little or no loss in value. An asset that has this quality is described as liquid. So the term that best completes the statement is liquid, because it directly describes the nature of the assets as easily converted to cash. Marketable relates to how saleable an asset is in the market, which is similar but not as precise for the general category, and quick isn’t a standard term used in this context.

Liquidity is the ability to convert assets into cash quickly and with little or no loss in value. An asset that has this quality is described as liquid. So the term that best completes the statement is liquid, because it directly describes the nature of the assets as easily converted to cash. Marketable relates to how saleable an asset is in the market, which is similar but not as precise for the general category, and quick isn’t a standard term used in this context.

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