Liquidity refers to: Question 8 options: access to ready cash, including savings and credit, which is used to cover short term or unexpected expenses access to ready cash, including savings but not credit, which should only be used to cover budgeted expenses access to ready cash, which does not include savings or credit (only money in your wallet or chequing account), which is used to cover short term or unexpected expenses access to ready cash, which includes savings, credit and everything that you own which could be sold for money, in order to cover unexpected expenses