Card 51 / 145: Tyler owes $100,000, but he owns Mexican Amati paintings that he could sell immediately for $80,000 or within a few months for $120,000. If these are all the assets and liabilities that Tyler has, Tyler is
A)
solvent and liquid.
B)
insolvent but liquid
C)
insolvent and illiquid
D)
solvent but illiquid
Answer:
D) solvent but illiquid
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