Which of the Following People Purchased the Correct Asset to Meet

question 64

Multiple Choice

Which of the following people purchased the correct asset to meet his or her objective?

• A)Michelle wanted to be a part owner of Mamma Rosa's Pizza,so she purchased a bond issued by Mamma Rosa's Pizza.
• B)Tim wanted a high return,even if it meant taking some risk,so he purchased stock issued by Specific Electric instead of bonds issued by Specific Electric.
• C)Jennifer wanted to buy equity in Honda,so she purchased bonds sold by Honda.
• D)All of the above are correct.

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Definitions:

Television

An electronic device used for receiving television broadcasts and displaying visual content.

Exchange Rate

The conversion value of one currency into another.

Norwegian Krone

The official currency of Norway, denoted as NOK and used across the country.

Inflation Rate

The pace at which prices for various goods and services climb, causing the value of money to decline.