CHAPTER 1 QUIZ 53 TO 57
53. The commitment of current funds in anticipation of receiving a larger future flow of funds is called:
A. a financial asset.
B. a real asset.
C. an investment.
D. gambling.
E. None of the above
54. A(n) _____ is a legally documented claim on an asset, while a(n) _____ is an actual, tangible asset which may be seen, felt, held, or collected.
A. Real asset; financial asset
B. Financial asset; real asset
C.
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04 Sep 2015