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80
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International Journal of Applied Research
e) Liquid assets
Liquid assets refer to those assets, which can be converted
into cash quickly without any loss. Liquid assets include
cash in hand, bank balance, marketable securities etc If an
individual has more liquid assets, he goes in for buying
comforts and luxuries. On the other hand, if he has less
liquid assets, he cannot spend more on buying comforts and
luxuries.
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