Which of the following is considered an investment with high liquidity?

High liquidity refers to the ease and speed with which an asset can be converted into cash without significantly affecting its price. Savings accounts are considered highly liquid investments because they allow individuals to access their funds almost immediately and without penalties or delay. Funds can typically be withdrawn at any time, and the transaction can be completed quickly through various methods, such as ATMs or online transfers.

In contrast, while stocks are also relatively liquid compared to other assets, they can experience fluctuations in price and may not be immediately convertible to cash at the desired price depending on market conditions. Real estate and personal property are generally illiquid investments because selling these assets typically involves a lengthy process, including finding buyers, negotiating, and closing sales, often leading to delays and potentially varying prices. Thus, the high liquidity of savings accounts makes them the best choice in this context.