Monetary assets include cash and other financial assets that can be converted easily into cash. This characteristic of being easily converted into cash is known as liquidity. Liquidity is important in case of an emergency because it means that funds can be accessed in a relatively short period of time. Examples of monetary assets include cash, savings accounts, certificates of deposit, money market deposit accounts, and other financial assets that can be easily accessed in times of need. The value of a monetary asset is usually calculated according to its current market value—the price at which it could be bought or sold. Monetary assets are also referred to as current assets.