Question

Non-banking assets short note

Answer 1

A non-financial asset is an asset with a physical value, such as real estate, equipment, machinery, or a vehicle. A financial asset, on the other hand, is an asset that has value based on a contractual claim, rather than a physical net worth, such as stocks, bonds and bank deposits.

Answer 2

Answer:

A non-financial asset is an asset with a physical value, such as real estate, equipment, machinery, or a vehicle. A financial asset, on the other hand, is an asset that has value based on a contractual claim, rather than a physical net worth, such as stocks, bonds and bank deposits