Question: Need help answering this question- is answer 1 correct? According to Minsky's taxonomy of balance-sheet structures, an enterprise borrowing to finance the purchase of a

Need help answering this question- is answer 1 correct?

According to Minsky's taxonomy of balance-sheet structures, an enterprise borrowing to finance the purchase of a fixed asset with a long expected lifetime will be

  1. A speculative unit
  2. A Ponzi unit
  3. It depends on the maturity of the loan taken outspecifically, whether the enterprise will have to roll over the loan during the life of the fixed asset
  4. A hedge unit

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