Student name:__________
MULTIPLE CHOICE - Choose the one alternative that best completes the statement or answers the question.
1) The material wealth of a society is a function of
MULTIPLE CHOICE - Choose the one alternative that best completes the statement or answers the question.
1) The material wealth of a society is a function of
A) all financial assets.
B) all real assets.
C) all financial and real assets.
D) all physical assets.
2) _______ are real assets.
A) Land
B) Machines
C) Stocks and bonds
D) Knowledge
E) Land, machines, and knowledge
3) The means by which individuals hold their claims on real assets in a well-developed economy are
A) investment assets.
B) depository assets.
C) derivative assets.
D) financial assets.
E) exchange-driven assets.
4) _______ are financial assets.
A) Bonds
B) Machines
C) Stocks
D) Bonds and stocks
E) Bonds, machines, and stocks
5) _________ financial asset(s).
A) Buildings are
B) Land is a
C) Derivatives are
D) U.S. agency bonds are
E) Derivatives and U.S. agency bonds are
6) Financial assets
A) directly contribute to the country's productive capacity.
B) indirectly contribute to the country's productive capacity.
C) contribute to the country's productive capacity, both directly and indirectly.
D) do not contribute to the country's productive capacity, either directly or indirectly.
E) are of no value to anyone.
7) In 2018, ____________ was the most significant real asset of U.S. households in terms of total value.
A) consumer durables
B) automobiles
C) real estate
D) mutual fund shares
E) bank loans