What Is a Financial Asset

question 30

Multiple Choice

What is a financial asset?

• A)An asset that has a fixed or determinable cash flow.
• B)Assets such as land and buildings that generate future cash flows.
• C)An asset arising from contractual agreements on future cash flows.
• D)An asset that does not generate future cash flows.

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Definitions:

Social Class

A division of a society based on social and economic status.

Minority Groups

Demographic categories of populations differentiated by social status from the dominant group, including distinctions based on ethnicity, race, religion, or sexual orientation.

United States

A country located in North America, comprising 50 states, a federal district, five major self-governing territories, and various possessions.

Heritability

The proportion of variation in traits in a population that can be attributed to genetic variation among individuals.