A(n) _____ is a legally documented claim on an asset, while a(n) _____ is an actual, tangible asset which may be seen, felt, held, or collected.
A)Real asset; financial asset
B)Financial asset; real asset
C)Indirect equity claim; direct equity claim
D)Direct equity claim; indirect equity claim
E)None of the above

Question

Quizplus · Accepted Answer

These are the basic definitions of a financial asset and a real asset.

A(n) _____ Is a Legally Documented Claim on an Asset