A Financial Asset Is Tangible;it Is a Physically Observable and Touchable

question 77

True/False

A financial asset is tangible;it is a physically observable and touchable item.

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Definitions:

Independent Events

Two or more events where the occurrence of one does not affect the probability of the other(s) occurring.

Probability

A numerical representation, between 0 and 1, indicating how likely it is for an event to happen.

First Serves

In tennis, the initial serve attempt made at the start of each point.

Randomly Selected

A method of selection where each member of a population has an equal chance of being chosen without bias.