Which of the Following Is NOT an Example of a Fixed

question 63

Multiple Choice

Which of the following is NOT an example of a fixed asset for a lawn care service?

• A)the trailer used to haul away debris
• B)the plant nursery owned by the service
• C)the bucket truck it uses to trim trees
• D)a computer which is used to manage the store's inventory
• E)its accounts receivable

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Definitions:

Mortgage-backed Securities

Financial instruments created by pooling mortgages and selling the rights to the cash flows from these mortgages to investors.

Secondary Mortgage Market

A market in which mortgages originated by a lender are sold to another financial institution. In recent years, the major buyers in this market have been Fannie Mae, Freddie Mac, and large investment banks.

Lending Standards

The criteria and guidelines used by financial institutions to determine the creditworthiness of prospective borrowers and to make decisions about loan applications.

Housing Prices

The amount of money required to buy homes in a particular area, which can fluctuate based on demand, location, and economic conditions.