Which of the Following Statements Best Distinguishes the Difference Between

question 92

Multiple Choice

Which of the following statements best distinguishes the difference between real and financial assets?

• A) Real assets have less value than financial assets.
• B) Real assets are tangible; financial assets are not.
• C) Financial assets represent claims to income that is generated by real assets.
• D) Financial assets appreciate in value; real assets depreciate in value.

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Definitions:

Contract

A contract is a legally binding agreement between two or more parties that outlines obligations and benefits for the parties involved.

Remedy

Legal means or measures available to a party to enforce a right or redress a harm.

Misrepresentation

The act of providing false or misleading information about a material fact, intentionally or negligently, causing someone to enter into a contract.

Affirmed

Officially confirmed or validated.