Financial Instruments Quiz

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Questions and Answers

Financial instruments include liabilities as well as assets.

False (B)

True or false: Financial instruments are limited to assets only.

True (A)

Financial instruments do not include liabilities.

True (A)

True or false: All assets are considered financial assets?

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True or false: Financial assets include both tangible and intangible assets?

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True or false: Non-financial assets are not considered as financial assets?

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Flashcards

Are financial instruments assets only?

Financial instruments include both assets and liabilities.

Are all assets financial assets?

Not all assets are financial assets. Financial assets represent ownership or a claim on something.

What are financial assets?

Financial assets represent ownership or a claim on something else.

What are non-financial assets?

Non-financial assets are assets that are not financial instruments.

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Financial instruments include liabilities?

Yes, financial instruments include both assets and liabilities.

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Are all financial assets both tangible and intangible?

Financial assets can be both tangible AND intangible.

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Study Notes

Financial Instruments

  • Financial instruments encompass both liabilities and assets.
  • Financial instruments are not limited to assets only, but also include liabilities.
  • Not all assets are considered financial assets, as there are non-financial assets as well.
  • Financial assets are limited to intangible assets, and do not include tangible assets.
  • Non-financial assets are not considered as financial assets.

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