Question

How much does Juana have in liquid assets if her car is worth $5,500 and she has

$1,310 in a savings account and $683 in her checking account? (Hint: Is a car a liquid
asset?) help

Answer 1

1993

Explanation:

Something is liquid if you can easily convert it into cash

So something like a car is not liquid (because it takes time to sell the car)

but something like a checking account is liquid (because it's easy to widthdraw your money)

so we have

1310+683= 1993