Assets that you purchase for the purpose of accumulating wealth to satisfy your financial goals are called

Question

Quizplus · Accepted Answer

Investment assets are assets that are purchased with the intention of accumulating wealth and achieving financial goals, such as stocks, real estate, and mutual funds. Monetary assets, on the other hand, include cash, savings accounts, and certificates of deposit. Intangible assets are those without a physical form, such as patents and copyrights. Therefore, the best choice is C, investment assets.

Assets That You Purchase for the Purpose of Accumulating Wealth