Assets you own, including such items as stocks, bonds, or real estate, are commonly termed ________.

Question

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Capital assets are long-term assets that have value and are expected to generate income for an extended period, often greater than one year. Stocks, real estate, and bonds are examples of capital assets. Monetary assets refer to cash or anything that can quickly be converted into cash, such as savings accounts, and current assets are assets that are expected to be converted into cash within one year. Intangible assets refer to assets that have no physical existence, such as patents, trademarks, or copyrights.

Assets You Own, Including Such Items as Stocks, Bonds, or Real