Financial Assets and Investment Property Receive Special Treatment Under Personal

question 39

Multiple Choice

Financial assets and investment property receive special treatment under personal property security legislation.Investment property includes all of the following EXCEPT

• A)shares.
• B)bonds.
• C)securities accounts (where a dealer,broker or bank holds financial assets in an investment account on behalf of the investor).
• D)future accounts.
• E)deeds to real property.

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Definitions:

Influencing Factors

Influencing factors are various elements or conditions that affect the outcome or development of a process, decision, or behavior.

Meritocracy

A societal system in which advancement and rewards are based on individual ability and achievement rather than on class privilege or wealth.

Wealth

The abundance of valuable resources or material possessions, or the control of such assets.

Prestige

The respect and admiration that an individual, role, or occupation holds in society, often based on perceived success or expertise.