Rank these in order of liquidity from least liquid to most liquid: Property, Cash, Equities, Short Term Securities.

To determine the order of liquidity, it's essential to understand how quickly and easily each asset can be converted to cash without significantly impacting its value.

Starting with property, it is generally the least liquid asset among the ones listed. Selling property can take time, often requiring months or longer to find a buyer and complete the transaction. Therefore, property ranks lowest in terms of liquidity.

Cash is the most liquid asset, as it is already in its most usable form. There are no transactions or conversions necessary when utilizing cash for purchases or transactions, making it the highest in liquidity.

Equities, or stocks, are more liquid than property but less liquid than cash. While they can be sold relatively quickly on the stock market, the actual time taken can vary depending on market conditions and the specific stock being sold. Nonetheless, they can usually be converted to cash fairly quickly.

Short-term securities, like Treasury bills or certificates of deposit, can be quickly accessed or sold, generally providing a higher liquidity than equities, as they are often designed to be easily convertible into cash in a short period.

Given this reasoning, ranking from least liquid to most liquid is: Property, Equities, Short Term Securities, and Cash. Thus, the correct answer reflects this order effectively.