Liquidity refers to:

a.) how fast money can be transferred from one account to another account.

b.) how quickly, easily, and reliably an asset can be converted into a medium of exchange.

c.) how easily cash can be transported across national borders.

d.) how fast money travels throughout the economy.

The correct answer is B

Explanation:

Liquidity is the term which is described as the degree to which the asset or the security of the business could be easily and quickly sold and bought in the market at the price which is reflecting its intrinsic value.

In short, it is defined as the how easily and quickly the asset can be converted into cash or into a medium of exchange in the market.