Which of the following is considered investment?
A) Maina purchases a new van for commuting to and from work.
B) Jane purchases a new truck for commuting to and from school.
C) Johnny buys a new car for his wife as an anniversary gift.
D) James purchases a new car to replace an old car in his food delivery business.

Question

Quizplus · Accepted Answer

Investing involves spending money on assets that are expected to generate income or increase in value over time. In this scenario, James is purchasing a new car for his food delivery business, which is an investment as it is expected to generate income for his business. The other options are not considered investments as they are just personal expenses for commuting and gift-giving.

Which of the Following Is Considered Investment