Krugman's Economics For The Ap® Course
3rd Edition
ISBN: 9781319113278
Author: David Anderson, Margaret Ray
Publisher: Worth Publishers
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Question
Chapter 22, Problem 2MCQ
To determine
The option which is not a type of financial asset
Expert Solution & Answer
Answer to Problem 2MCQ
From the available options, the correct option is houses.
Explanation of Solution
As every financial asset are non-physical assets that have value and according to the value, these assets can be sold and purchased in the market such as bonds, stocks, loans, deposits in banks, shares, etc. Therefore, the correct option is houses because houses are physical assets that do not come under financial asset.
Here, the correct option is e (houses) and all other options are incorrect as all other options are the type of financial assets.
Economics Concept Introduction
Introduction: Financial assets refers to the liquid assets that consider value from any ownership claim such as cash, bonds, stocks, etc.
Chapter 22 Solutions
Krugman's Economics For The Ap® Course
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