Briefly answer the following questions: a. Describe the single most important characteristic of a financial asset that
Question:
a. Describe the single most important characteristic of a financial asset that distinguishes it from a real asset.
b. Keeping in mind your answer to (a), does cash have this characteristic of a financial asset? Why is cash a financial asset?
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a A financial asset results from a contract with a counterparty that gives the holder ...View the full answer
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