Financial assets like stocks and bonds have value because:

A) they represent ownership of companies.
B) people are proud to own them.
C) they provide tangible benefits as do real assets.
D) they give their owners command over future cash flows.

Financial assets such as stocks and bonds have value because they represent ownership in companies and provide owners with the command over future cash flows through dividends and interest payments. While people may be proud to own them, and they may provide intangible benefits, it is their ability to generate income that gives them their primary value.