Asked by Garrett Jones on Jul 20, 2024
Verified
Which is not a financial asset?
A) Stock
B) Bond
C) Shares in a mutual fund
D) Savings account
Financial Asset
An intangible asset whose value is derived from a contractual claim, such as stocks, bonds, and bank deposits.
Mutual Fund
A type of investment vehicle consisting of a portfolio of stocks, bonds, or other securities, managed by an investment company.
Savings Account
A deposit account held at a financial institution that provides principal security and a modest interest rate.
- Discriminate between assets that are financial and those that are real, grasp the nature of bonds, and the idea of debt relationships.
Verified Answer
MC
Michael Carrier llJul 23, 2024
Final Answer :
D
Explanation :
A financial asset is an intangible asset whose value is derived from a contractual claim, such as stocks, bonds, and shares in mutual funds. A savings account, while related to finance, is considered a deposit and not a financial asset in the same sense as the others, as it represents money deposited in a bank rather than a claim or ownership interest in a company or financial product.
Learning Objectives
- Discriminate between assets that are financial and those that are real, grasp the nature of bonds, and the idea of debt relationships.