Question

Prompt What is the difference between liquid and illiquid assets?

Answer 1

Answer:

Liquid assets may be cash or property that can readily be converted to cash without a substantial loss in value. While on the other hand, Illiquid or fixed assets are possessions of value that are held long-term such as a home, land or equipment.

Hope this helps

Answer 2

Answer:

Liquid assets may be cash or property that can readily be converted to cash without a substantial loss in value. ... Illiquid or fixed assets are possessions of value that are held long-term, such as a home, land, or equipment

Explanation:

I think it will help But if im wrong Its ok:)