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Money, stocks, and interests in securities are examples of intangible property.

a) True
b) False

User Feng Chen
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1 Answer

1 vote

Final answer:

Money, stocks, and interests in securities are indeed examples of intangible property, as they have value but lack physical substance unlike tangible assets such as art or land.

Step-by-step explanation:

The student's statement that money, stocks, and interests in securities are examples of intangible property is true. Intangible property refers to assets that do not have a physical presence but have value and are owned by an individual or a company. Unlike tangible assets like a house, land, art, rare coins, or stamps, intangible assets cannot be touched. They include things like money (in the form of currency that is not physically held, like money in a bank account), ownership in a company (stocks), or rights to receive a future benefit (interests in securities).

User Johannes Wachter
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