Liquidity refers to:
A. The amount of cash on hand at a given time.
B. The readiness of an asset to be converted to cash.
C. The period of time until cash is used and refinancing becomes necessary.
D. Financial leverage.
Answer:B
Liquidity refers to:
A. The amount of cash on hand at a given time. B. The readiness of an asset to be converted to cash. C. The period of time until cash is used and refinancing becomes necessary. D. Financial leverage.