Chapter 22, Problem 2MCQ

To determine

The option which is not a type of financial asset

Answer to Problem 2MCQ

From the available options, the correct option is houses.

Explanation of Solution

As every financial asset are non-physical assets that have value and according to the value, these assets can be sold and purchased in the market such as bonds, stocks, loans, deposits in banks, shares, etc. Therefore, the correct option is houses because houses are physical assets that do not come under financial asset.

Here, the correct option is e (houses) and all other options are incorrect as all other options are the type of financial assets.

Economics Concept Introduction

Introduction: Financial assets refers to the liquid assets that consider value from any ownership claim such as cash, bonds, stocks, etc.