Liquidity is best described as a. wanting a portfolio to grow over time in real terms to

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Liquidity is best described as

a. wanting a portfolio to grow over time in real terms to meet future needs.

b. converting an asset into cash without much of a price concession.

c. wanting to minimize the risk of loss and maintain purchasing power.

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Fundamentals Of Investing

ISBN: 9781292153988

13th Global Edition

Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk

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