Since Arjun's biggest concern is how quickly he can convert his investment into cash if for some reason he needs the funds, then, he is concerned with an investment criteria known as Liquidity.
What is the meaning of Liquidity?
Basically, a liquidity means the efficiency or ease with which an asset or security can be converted into ready cash without affecting its market price. Among all assets, the cash is the most liquid of assets while tangible items are less liquid.
However, we have two main types of liquidity which include the market liquidity and accounting liquidity.
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