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Questions and Answers
Which of the following statements about assets is true?
Which of the following statements about assets is true?
- Assets are only important for businesses
- The number and quality of assets determine creditworthiness (correct)
- Financial assets include land and buildings
- Real assets are liquid assets
What are real assets?
What are real assets?
- Non-physical assets
- Assets that can be quickly converted into cash
- Stocks and bonds
- Land and buildings (correct)
What are financial assets?
What are financial assets?
- Assets that can be quickly converted into cash (correct)
- Land and buildings
- Non-physical assets
- Stocks and bonds
Which of the following is NOT an example of a real asset?
Which of the following is NOT an example of a real asset?
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What is the main difference between real and financial assets?
What is the main difference between real and financial assets?
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Which of the following is a characteristic of financial assets?
Which of the following is a characteristic of financial assets?
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