A Financial Asset Is

Multiple Choice

A financial asset is:

A) Cash.
B) A contractual right to exchange financial assets and financial liabilities with another entity under conditions that are potentially favourable to the entity.
C) A contractual right to exchange financial assets and financial liabilities with another entity under conditions that are potentially unfavourable to the entity.
D) Cash and a contractual right to exchange financial assets and financial liabilities with another entity under conditions that are potentially favourable to the entity.
E) Cash and a contractual right to exchange financial assets and financial liabilities with another entity under conditions that are potentially unfavourable to the entity.