Stone Harbor Products takes out a bank loan.It receives $100,000 and signs a promissory note to pay back the loan over 5 years.
A) A new financial asset was created in this transaction.
B) A financial asset was traded for a real asset in this transaction.
C) A financial asset was destroyed in this transaction.
D) A real asset was created in this transaction.
Correct Answer:
Verified
Q57: The average rate of return on U.S.Treasury
Q58: Suppose an investor is considering one of
Q59: An important trend that has changed the
Q60: Individuals may find it more advantageous to
Q63: U.S.Treasury bonds pay interest every six months
Q64: WEBS allow investors to _.
A) invest in
Q65: The process of securitizing poor quality bank
Q67: Real assets are _.
A) are assets used
Q69: Accounting scandals can often be attributed to
Q73: Financial institutions that specialize in assisting corporations
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents