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Calculate the Total Liquid Assets Money market account $ 3700 Medical Bills $ 1460 Mortgage $...

Calculate the Total Liquid Assets

Money market account $ 3700 Medical Bills $ 1460
Mortgage $ 369820 Checking account $ 860
Retirement account $ 76100 Credit card balance $ 1380
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Answer #1

The Correct answer is Money market account and checking account.

Liquid assets refers to the assets that can be converted into the cash easily.

Among the Options Given, Money market account and checking account is included in the current assets, as money market account is a deposit account that pays interest on prevailing market rates but it offers limited number of withdrawls, and checking account is also a deposit account with financial institutions which offers unlimited number of withdrawls and deposits but offers low interest rates.

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