Suppose that Jim just got a $20 000 loan from his bank to buy a new car.The loan is a _____ for Jim and a _____ for the bank.
A) liability;physical asset
B) financial asset;financial asset
C) financial asset;liability
D) liability;financial asset
Correct Answer:
Verified
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Q188: A physical asset is:
A) a tangible asset
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Q191: In financial markets:
A) households sell liabilities.
B) wealth
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A) what it earns
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A) return to an
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