Rank the following from most liquid to least liquid?
Question:
ii) Houses
iii) Currency
iv) Washing Machines
v) Debit and credit cards
vi) Common stocks
vii) Coins
viii) Gold and Silver
Answer:
Take a cup of hot water and stop watch then try to desolve one by one in it. Note the time and you will come to know which is most and which is the least liquid one.
You forgot to list water. Just kidding.
7
3
5
8
1
6
2
4
Not quite sure why "Washing Machines" are in this group as it seems you are referring to liquid assets, financially speaking. At any rate I would say:
(Washing Machines)- see explanation below.
Currency
Coins
Checking account deposits
Gold and Silver
Debit and credit cards
Common stocks
(Washing Machines) - see explanation below.
Houses
Literally, washing machines would be the most liquid since they contain actual liquid, but from a financial standpoint, I would place them between common stocks and houses.
ok i will go for the following order
coins
currency
account deposits
debit and credit cards
gold and silver
common stocks
washing machines
houses
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