Question

Which of the following would be included in the category of assets known as monetary assets?

a) Real estate
b) Stocks and bonds
c) Cash and cash equivalents
d) Collectibles

Answer 1

c) Cash and cash equivalents would be included in the category of assets known as monetary assets.

Step-by-step explanation:

Monetary assets are assets that are in the form of money or can be readily converted into money. They include cash and cash equivalents, such as bank accounts, money market funds, and treasury bills.

Therefore, option c) Cash and cash equivalents would be included in the category of assets known as monetary assets.