Asked by Pallavi Kumar on May 22, 2024
Verified
Another name for a financial asset like a stock or a bond is a security.
Financial Asset
An intangible asset representing a legal claim to future payment, such as stocks, bonds, or bank deposits.
Security
A financial asset. Commonly a stock or a bond. An asset pledged to guarantee the repayment of a loan.
- Identify the elements and functioning of financial markets and securities.
Verified Answer
SR
sarah rashidMay 22, 2024
Final Answer :
True
Explanation :
A security is a financial asset that can be bought or sold, such as a stock or bond.
Learning Objectives
- Identify the elements and functioning of financial markets and securities.