All of the Following Are Assets EXCEPT ________

question 102

Multiple Choice

All of the following are assets EXCEPT ________.

• A) Inventory
• B) bank loans
• C) Patents
• D) Cash

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Definitions:

Exchange Rate

The price of one country's currency expressed in another country's currency, allowing for the exchange of currencies in global markets.

Own Currency

The currency issued and used by a country, typically managed by its central bank or monetary authority.

Home Country

The country where a company is headquartered or where an individual is a citizen.

Labor Costs

The total sum of all wages paid to employees, as well as the costs of employee benefits and payroll taxes incurred by an employer.