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No, liquidity means you can quickly convert something into cash and not that it has to be cash.

To quote Cornell (https://www.law.cornell.edu/wex/liquid_asset):

>Liquid assets refer to cash on hand, cash on bank deposit, and assets that can be quickly and easily converted to cash. The common liquid assets are stock, bonds, certificates of deposit, or shares.

>Liquid assets are different from non-liquid assets, such as property, vehicles, or jewelry, which can take longer to sell and may lose value in the sale. Liquid assets are perceived as being the most basic type of asset available.

Liquid definitely doesn’t mean legal tender, just that you can quickly sell (like stocks on the market.) In contrast with property, collectibles, etc.

No, but you can buy groceries with your no-limit American Express Black card and pay it off with stocks you sell.