Suppose that Jim just got a $20,000 loan from his credit union to buy a new car. The loan is a _____ for Jim and a _____ for the credit union.
A) financial asset; physical asset
B) financial asset; financial asset
C) financial asset; liability
D) liability; financial asset
Correct Answer:
Verified
Q188: A physical asset is:
A) a tangible asset
Q191: In financial markets:
A) households sell liabilities.
B) wealth
Q195: Which of the following qualifies as an
Q197: A liability is:
A)having wronged someone and being
Q198: Which of the following is a requirement
Q200: A risk-averse person:
A)considers any risk unacceptable.
B)would never
Q202: The term liquidity means that the:
A) asset
Q203: The financial system performs certain tasks to
Q214: You are choosing whether to purchase a
Q219: A person who is risk-averse:
A) is more
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