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Is money a financial asset

Updated: 4/28/2022
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15y ago

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It depends upon how you keep the money or cash, easy liquidity is a factor determining money as a financial asset.

Financial assets are non-physical assets those can be readily converted into cash like Bank balance, Shares, short-term investments, Treasury bills, commercial papers, bill receivables etc. So, if you are keeping money as bank deposit this falls under the financial asset and so on.

Typically, The answer is: "YES" financial assets include money.

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15y ago
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