Which One of the Following Is Not a Current Asset

question 97

Multiple Choice

Which one of the following is not a current asset?

• A)Cash
• B)Supplies
• C)Equipment
• D)Prepaid Insurance

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Definitions:

Purchasing Power

The purchasing power of a currency, indicating the quantity of goods or services obtainable with one money unit.

U.S. Supply Shock

An unexpected event that suddenly changes the supply of goods or services in the U.S. economy, potentially affecting prices and leading to economic adjustments.

National Wage Rates

Standardized wage levels set or analyzed across a nation for various occupations or sectors, which can be influenced by government policy or economic conditions.

Real Exchange Rate

The exchange rate adjusted for inflation, indicating the purchasing power of a currency relative to another in terms of goods and services.