A real asset is

Group of answer choices

an asset that represents a claim on the cash flows produced by assets like plant and equipment.

made up of stocks, bonds, and cash.

an asset used in the production of goods and services.

Both (a) and (b) are correct.

A financial asset is

Group of answer choices

an asset that is used in the production of a good or service.

an asset such as a truck used to deliver goods for a company

an asset that represents a claim on the cash flow produced by assets such as plant & equipment.

Both (a) and (b).