Final answer:
Liquidity refers to the ease and speed with which you can convert assets into cash or goods and services, which is not merely something of value that you own. Thus, the statement is false.
Step-by-step explanation:
Liquidity does not simply refer to something of value that you own. Instead, liquidity refers to how quickly you can convert a financial asset into cash or use it to buy a good or service without affecting its value. So the statement 'Liquidity is something of value that you own' is False. Cash is an example of a highly liquid asset because it can be readily used to engage in transactions, like buying a hamburger. On the other hand, a savings account, while it represents money you own, is less liquid because it requires extra steps to access, such as visiting a bank or an ATM.