A liquid asset can be converted quickly to cash with little sacrifice in its value. Which of the following asset classes is generally considered to be the least liquid? Real estate Money market instruments Treasury bills

Real estates are the least liquid of them all

Explanation:

Real estates take considerable time to sell and cash out, making them not to be considered as liquid assets.

The money market refers to trading in very short-term debt investments. The money market deals in short-term loans, generally for a period of less than or equal to 365 days. Money markets are considered as highly liquid assets.

Treasury bills are short-term sovereign debt securities maturing in one year or less. The treasury bill market is highly liquid as investors can quickly convert bills to cash through a broker or bank.

This makes real estates the correct answer as the least liquid asset.