What does 'liquidity' mean in finance?
An example of an AI chatbot conversation about financial terms explained.
What does 'liquidity' mean in finance?
Liquidity refers to how easily an asset can be converted into cash without affecting its market price.
Can you give me an example of a liquid asset?
Sure! Cash is the most liquid asset, while stocks and bonds are also considered liquid, though slightly less so.
What about illiquid assets?
Illiquid assets are those that cannot be quickly sold or converted to cash, like real estate or collectibles.
Why is liquidity important for businesses?
Liquidity is crucial for businesses to meet short-term obligations and manage cash flow effectively.
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