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Explain the Characteristics of a Financial Asset

question 54

Essay

Explain the characteristics of a financial asset. Discuss if cash has the characteristics of a financial asset. Why is (or is not)cash a financial asset?


Definitions:

Skin Senses

The sensations of touch, pressure, temperature, and pain.

Pressure

A physical force exerted on or against an object by something in contact with it, or the stress or urgency of matters demanding attention or action.

Taste Receptor Cells

Specialized cells located on the taste buds of the tongue, responsible for detecting taste stimuli.

Dissolved

The process by which a solid becomes incorporated into a liquid to form a solution.

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