Which of the following is a consumption asset? A. The Canadian dollar B. Copper C. The S&P 500 index D. IBM stock
Question
Which of the following is a consumption asset?
A. The Canadian dollar
B. Copper
C. The S&P 500 index
D. IBM stock
Solution
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.
C. The S&P 500 index is a stock market index, not a consumption asset.
D. IBM stock is a financial asset, not a consumption asset.
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