Answered

Assets such as mutual funds, stocks and bonds that are used to meet long term
financial needs are called:
a) Liquid assets
b) Real estate
c) Personal Possessions
d) Investment Assets
e) None of the above

Verified Answer :

GinnyAnswer

Final answer:

Investment assets like mutual funds, stocks, and bonds are meant for long-term financial goals and are not easily converted to cash.


Explanation:

Investment assets are assets such as mutual funds, stocks, and bonds that are used to meet long-term financial needs. These assets are not typically easily converted to cash and are meant for long-term growth and income generation. Real estate is another example of a long-term investment asset due to its illiquidity and the time it takes to sell.


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