6 Questions
Financial instruments include liabilities as well as assets.
False
True or false: Financial instruments are limited to assets only.
True
Financial instruments do not include liabilities.
True
True or false: All assets are considered financial assets?
True
True or false: Financial assets include both tangible and intangible assets?
True
True or false: Non-financial assets are not considered as financial assets?
True
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.
Test your knowledge on financial instruments with this quick quiz. Determine whether financial instruments are limited to assets only or if they include liabilities as well. Challenge yourself to answer true or false questions and see how well you understand this important concept in finance.
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