Question 19 (1 point) Your ability to cover short-term cash deficiencies is a measure of your __ wealth b liquidity success credit card

## Step 1<br />This question is about the concept of liquidity in finance. Liquidity refers to the ability of an asset to be quickly converted into cash without affecting its market price. <br /><br />## Step 2<br />In the context of an individual's financial situation, liquidity refers to the ability to cover short-term cash deficiencies. This means having enough liquid assets (like cash or assets that can be quickly converted into cash) to meet immediate and short-term obligations.<br /><br />## Step 3<br />The options 'wealth', 'uccess', and 'credit card' do not accurately describe this concept. 'Wealth' refers to the total value of all assets owned by an individual, which includes both liquid and non-liquid assets. 'Success' is a subjective term that can mean different things to different people and is not directly related to liquidity. 'Credit card' is a form of debt and does not reflect an individual's ability to cover short-term cash deficiencies.