Question

Maiko lost her job and she was forced to sell a rental property because she did not have other funds​ (liquid, emergency,​ etc) available to meet her financial obligations. What financial principle best applies to this​ situation?

Answer 1

Answer: The importance of liquidity

Step-by-step explanation:

The financial principle at play is the importance of liquidity. Liquidity is the ease with which asset can be converted to cash. Maiko's asset has helped her to solve her financial issues she is experiencing after her job loss, therefore this shows the importance of liquidity.