Financial assets describe not just cash, but all assets that are easily and directly convertible into known amounts of cash, except investments in securities.

Name: Financial assets describe not just cash, but all assets that are easily and directly convertible into known amounts of cash, except investments in securities.
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Financial assets include cash, stocks, bonds, and other securities that can be easily converted into cash. Investments in securities are considered financial assets.

Financial Assets Describe Not Just Cash, but All Assets That