SIE Exam Practice Question 623
Question: 623
Which of the following is/are correct regarding liquidity and marketability?
(1) Liquidity is the ability to sell or redeem an investment quickly and at a known price without incurring a significant loss of principal.
(2) Marketability is the speed and ease with which an investment may be bought or sold.
Correct Answer: C
Explanation:
Liquidity is the ability to sell or redeem an investment quickly and at a known price without incurring a significant loss of principal. Marketability is the speed and ease with which an investment may be bought or sold.
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