Which of the following is a consumption asset? A. The Canadian dollar B. Copper C. The S&P 500 index D. IBM stock
Question
Solution 1
The correct answer is:
B. Copper
Here's the reasoning behind this choice:
A. The Canadian dollar is a currency, not a consumption asset.
B. Copper is a consumption asset. Consumption assets are assets that are used up or consumed over time, such as commodities like copper, oil, wheat, etc.
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