A Financial Asset Is Considered a Security If

question 252

Multiple Choice

A financial asset is considered a security if

• A)the owner of the security receives dividends and realizes a capital gain when the asset is sold.
• B)it can be sold in a secondary market.
• C)its value increases after it is sold in a primary market.
• D)its value is secure; that is,the owner will not suffer a financial loss when the asset is sold.

---

Definitions:

Currency

The monetary system commonly utilized within a specific nation.

Free Check-Cashing Services

Services provided without a fee to convert checks into cash.

Welfare Banks

Financial institutions typically focused on social welfare goals, offering inclusive financial services aimed at enhancing the living standards of the underprivileged.

Credit Card

A payment card issued by financial institutions that lets cardholders borrow funds with which to pay for goods and services.