Answered: Which of the following is a personal…

Which of the following is a personal financial asset? a. A payday loan b. A mortgage loan c. A savings account d. A credit card balance

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter12: Money And Banking

Section: Chapter Questions

Problem 10E

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Factor Models

Many attributes might be related to an asset's risk, including market capitalization (size), dividend yield, growth, price-earnings ratio, etc. The use of these traditional descriptors, however, presents a few problems:

Question

Which of the following is a personal financial asset?

a. A payday loan

b. A mortgage loan

c. A savings account

d. A credit card balance

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