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    • Join Date: Jun 2007
    • Posts: 1
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    #1

    areas of wealth, industry and liquid assets.

    Hello,

    I just would like to know if you could explain me this expression, as I'm not sure to catch the meaning.
    That's about bank, that's sure, but wealth could it be about luxurious good? what about liquid assets? cash?
    To be short, I need explanations for this expression. ^^

    Thank you


    • Join Date: Oct 2006
    • Posts: 19,448
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    #2

    Re: areas of wealth, industry and liquid assets.

    Welcome to the forums, Avonlean!

    Wealth means an abundance (lots of) valuable possessions and/or money; Liquid assets are assets (possessions) that can easily be sold for cash - these can be stocks and shares or physical objects;
    Cash = money, whether metal coins or paper money.

    If you are wealthy you will probably have many liquid assets, and certainly a great deal of cash.

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