Which of the following items is considered a monetary asset?

A monetary asset is defined as an asset that can easily be converted into cash or is already in cash form. Money market accounts are considered monetary assets because they represent funds that are readily accessible and can be withdrawn or transferred without significant delay or loss of value. These accounts typically offer higher interest rates than traditional savings accounts while maintaining high liquidity, which further emphasizes their classification as monetary assets.

In contrast, real estate, vehicles, and stocks do not fit the definition of monetary assets. Real estate is typically illiquid due to the time and effort required to sell a property, and its market value can fluctuate significantly. Vehicles also do not qualify as monetary assets, as they are physical items that depreciate over time and require a sale process to convert into cash. Stocks, while they can be sold for cash, are classified as securities rather than monetary assets; their value can fluctuate based on market conditions, and there may be a time lag in selling them and accessing the funds. Therefore, money market accounts stand out as the only option that directly aligns with the characteristics of a monetary asset.