Liquidity of savings refers to

a.
availability of your funds on short notice
b.
earning potential of savings
c.
security or safety of funds on deposit
d.
tax-free accumulation of savings

a. availability of your funds on short notice

Liquidity of savings refers to availability of your funds on short notice.

Explanation:

Liquidity of savings means the availability of cash in order to meet immediate and short-term obligations or operating needs. Cash is the most liquid asset. Some investments can easily be converted to cash like stocks and bonds because they are very liquid. They can be converted to cash within days and as a result, they are known as liquid assets.

a progressive tax is a tax that imposes a lower tax rate on low-income earners compared to those with a higher income, making it based on the taxpayer's ability to pay. that means it takes a bigger percentage from high income earners than it does from low income people.