Chapter 1:__________
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.
E) all physical and financial assets.
2) _______ are real assets.
A) Land and mortgages
B) Machines and bonds
C) Stocks and bonds
D) Knowledge and stocks
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 and land
B) Machines and derivatives
C) Stocks and intellectual property
D) Bonds and stocks
E) Bonds, machines, and stocks
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