(I) Liquidity measures how easily and quickly an asset can be converted into cash.

(II) Liquidity measures how easily and quickly an asset can be converted into cash without significant loss.

(III) A Treasury security is more liquid than a house

(IV) Investors prefer assets with high liquidity if keeping everything else same.

Which answer is correct?

(a) Only (II) and (IV) are true.

(b) Only (I), (III), and (IV) are true.

(c) Only (I) and (IV) are true.

(d) Only (II), (III), and (IV) are true.