Which of the following types of investable assets do NOT belong in the stated category?
Select one:
a. Equity securities include public and private companies’ common shares and preference shares.
b. Money market securities include certificates of deposit, promissory notes and treasury bills.
c. Long term debt securities include bonds, debentures, bank bills and loans.
d. Property includes land, buildings and machinery.
e. Human capital includes education and knowledge.
Investable assets include cash, funds in your bank accounts, money held in retirement accounts, mutual funds, stocks, bonds, certificates of deposit, and insurance contracts with cash value. Excluded from investable assets are those not easily converted to cash, also known as physical or tangible assets. In short, measuring your worth in investable assets tells you how much money you have if you don't sell your belongings or properties.Therefore Property including land, building and machinery does not belong to investable category.
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