Mastering Assets
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Questions and Answers

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?

  • Non-physical assets
  • Assets that can be quickly converted into cash
  • Stocks and bonds
  • Land and buildings (correct)

    • 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?

    <p>Stock</p> Signup and view all the answers

    What is the main difference between real and financial assets?

    <p>Real assets are physical assets, while financial assets are non-physical assets</p> Signup and view all the answers

    Which of the following is a characteristic of financial assets?

    <p>They are easily convertible into cash</p> Signup and view all the answers

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