ECONOMICS
MONEY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Asset
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Liability
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Debt
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Money
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Detailed explanation-1: -An asset is anything with monetary value. This can include things like cash, checking and savings accounts, stocks, bonds, mutual funds, and retirement accounts. Assets also include personal property, such as real estate, vehicles and jewelry. If you’re not sure what something is worth, you could have it appraised.
Detailed explanation-2: -Monetary value is the amount that would be paid in cash for an asset or service if it were to be sold to a third party. For example, tangible property, intangible property, labor, and commodities are priced at their monetary value.
Detailed explanation-3: -Monetary items are assets or liabilities that have a fixed value, such as cash or debt. These items, such as $25, 000 in cash, have a fixed value although inflation and other macroeconomic factors might affect purchasing power.
Detailed explanation-4: -Cash. Bank deposits. Trade receivables. Other receivables meant for settlement through cash. Investments in debt capital market instruments. Lease investments. 25-Dec-2022