Final answer:
The correct answer is (a) liquid assets, which are assets that can be quickly converted to cash without significant loss of value, like cash itself or the money in a checking account.
Step-by-step explanation:
The money that flows easily and that you can quickly get your hands on is called liquid assets. The term 'liquid' is used in finance to describe assets that can be readily converted into cash without significant loss of value. In the context of personal finance, liquid assets would include cash on hand or in a checking account, which can be easily and immediately accessed to make purchases or pay for services.
Something like a savings account, although still relatively liquid, may require a quick trip to the bank or an ATM, thus being slightly less liquid than cash available in your pocket or your checking account. Assets can be more or less liquid depending on how swiftly they can be converted to cash, a crucial concept in both personal and business finance.