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Financial instruments are assets as well. Banks handle those all the time.
by r00fus 5y ago
Financial instruments are assets as well. Banks handle those all the time.
- arcticbull 5y agoCurrencies aren't assets. [1] [1] https://www.commonfund.org/blog/is-currency-an-asset-class#:~:text=Currencies%20are%20not%20an%20asset,trade%20compared%20to%20another%20currency https://www.commonfund.org/blog/is-currency-an-asset-class#:....
- Kranar 5y agoOne random person's blog post is not sufficient to disqualify centuries of economic and accounting literature that has classically defined cash to be a canonical asset class. Currencies are universally listed at the top of any balance sheet, small or large company alike. https://en.wikipedia.org/wiki/Asset https://en.wikipedia.org/wiki/Asset https://en.wikipedia.org/wiki/Cash_and_cash_equivalents https://en.wikipedia.org/wiki/Cash_and_cash_equivalents
- arcticbull 5y agoThat's fair, I was off base. Withdrawn, but I'll leave it up so folks understand what you're replying to. Thanks for the correction!