Series 7 - General Securities Representative Exam

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Liquidity risk of an asset refers to the ability to

Be the lowest price offer or ask price "inside the market"
A
Be able to dollar cost average into the underlying asset
B
Turn the asset into cash quickly
C
Turn the asset into a liability on the balance sheet
D

Explanations

Liquidity refers to the ability to get out of an investment and sell for cash

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