Consider the following dialogue between Tim and Brian, economics students taking a course on Money, Banking,...

 

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Consider the following dialogue between Tim and Brian, economics students taking a course on Money, Banking, Financial Markets and Institutions. TIM: Hi Brian. The professor mentioned that in addition to money people also hold bonds and some other asset, which I forget. Can you please remind me, which one is that? BRIAN: That's right, Tim, the professor told us that in addition to money and bonds, people also hold such financial assets as TIM: Also, I cannot see the difference between money and bonds. Could you explain it to me? BRIAN: Unlike money, bonds represent TIM: But why is money considered a financial asset? BRIAN: Money is clearly an asset because by definition, it is TIM: Are there any other financial assets? BRIAN: Yes. Let's try to identify them together: Check all that apply. Checking accounts Savings accounts Credit cards Cars credit cards stocks tokens jewelry real estate Consider the following dialogue between Tim and Brian, economics students taking a course on Money, Banking, Financial Markets and Institutions. TIM: Hi Brian. The professor mentioned that in addition to money people also hold bonds and some other asset, which I forget. Can you please remind me, which one is that? BRIAN: That's right, Tim, the professor told us that in addition to money and bonds, people also hold such financial assets as TIM: Also, I cannot see the difference between money and bonds. Could you explain it to me? BRIAN: Unlike money, bonds represent TIM: But why is money considered a financial asset? BRIAN: Money is clearly an asset because by definition, it is TIM: Are there any other financial assets? BRIAN: Yes. Let's try to identify them together: Check all that apply. Checking accounts Savings accounts Credit cards Cars credit cards stocks tokens jewelry real estate

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Financial assets as Stocks Stocks are a type of security that gives stockholders a share of ownershi... View the full answer