MINDTAP plia Homework: Introduction Back to Assignment Average: 13 Attempts 1. I

Question

MINDTAP plia Homework: Introduction Back to Assignment Average: 13 Attempts 1. Introduction to money and financial assets Consider the following dialogue between Hubert and Manuel, economics students taking a course on Money, Banking, Financial Markets and Insttubions. HUBERT: Ni Manuel. The professor mentioned that in addition to money people also hold stockses and some other asset, which I forget. Can you please remind me, which one is that? MANUEL: That's right, Heubert, the professor told us that in addition to money and stockses, people also hold such financial assets as HUBERT: Albso, 1 caneot see the dfference between money and steckses. Could you explain it to me? ANUEL: U mone,stocks repeesent part ewnershipY But why is considered a finandal aset MANUEL: Money is dearly an asset because by definition, it is Are there any inancial assets? et's try te identily thesm together

Explanation / Answer

Yes all the answers are correct.

Bonds is a correct ans for first blank as bond is also a financial asset which people use to hold in addition tooney and stocks.

Part ownership (or residual ownership ) is also correct for second blank as unlike money stock represents part ownership or residual ownership as when we have stocks of a company it represents that we have the ownership of the company According to the numbers of stocks we hold so it represents part ownership.

Ans for third blank is also correct as it is the definition of the money due to which it is considered as a financial asset.

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