Question

The term "current financial resources" refers to: Multiple Choice Those assets that can quickly be converted into cash. Assets that are available to be used for current expenditures. The government's current assets and current liabilities. The current value of all net assets owned by the governmental unit. Financial resources used to provide electricity to local citizens.

Answer 1

Assets that are available to be used for current expenditures.

Step-by-step explanation:

Current financial resources, means those assets which can fulfill the current needs of a government, when we talk about such resources we only consider the assets available.

As in the chosen option, all the assets available for current expenditure that is assets available to meet current expenses of the government, that is current need, here by current we mean the need which will occur in few days,

We necessarily do not mean no capital expenditure, it is just about the timings of expenditure.

Therefore, Correct option is

Assets that are available to be used for current expenditures.