ABSTRACT
Markets exist not just for goods and services and productive inputs, but also for assets, meaning material assets. We can divide (material) assets into financial and physical or non-financial. The former includes cash at home, bank deposits, fixed deposits, stocks and bonds, etc., while the latter includes real estate, antiques, famous paintings, etc. A detailed classification of assets is shown in Figure 13.1. Classification of (Material) Assets A flowchart presents the categorization of assets with examples. Material assets are financial or non-financial. Financial: cash, bank deposits, equity, bonds or debt. Physical or non-financial: real estate, collectibles, commodities. Bank deposits: current and savings deposits. Equity: shares, mutual funds. Bonds or debt: corporate and government bonds, private loan. Real estate: commercial and residential property. Collectibles: antiques, rare painting, vintage cars. Commodities: precious metals like gold, lumber, oil, coal, wheat, corn. https://s3-euw1-ap-pe-df-pch-content-public-p.s3.eu-west-1.amazonaws.com/9781003452195/075c5562-7259-4882-a239-731b41188b77/content/fig13_1_B.tif" xmlns:xlink="https://www.w3.org/1999/xlink"/>
