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Define Financial Assets,and Explain Why Every Financial Asset Must Correspond

question 96

Essay

Define financial assets,and explain why every financial asset must correspond to a financial liability.


Definitions:

Effort

The use of physical or mental energy to do something; exertion towards accomplishing a task.

Persistence

The continued effort to achieve something despite difficulties, failure, or opposition.

Motivation

Represents the internal and external factors that stimulate desire and energy in people to be continually interested and committed to a job, role, or subject.

Intrinsic Motivation

The drive to perform activities for their own sake and for the personal rewards they bring, rather than for external rewards.

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