Liquid capital in a business means the
COMMERCE
WAEC 2011
Liquid capital in a business means the
- A. movable assets of the business
- B. authorised capital
- C. issued capital
- D. assets easily convertible to cash
Correct Answer: D. assets easily convertible to cash
Explanation
Liquid capital, or fluid capital is a readily convertible asset, such as money or other bearer economic instruments, as opposed to a long term asset like real estate. It is the asset that is easily converted to cash
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