Question

question 22
0.1 pts
securities are ____ for the person who buys them, but are ____ for the individual or firm that issues them.
○ assets; liabilities
○ liabilities; assets
○ nonnegotiable; negotiable
○ negotiable; nonnegotiable

Explanation:

To solve this, we analyze the definitions of assets and liabilities in the context of securities. For a buyer, securities represent an asset (something of value owned). For an issuer, securities represent a liability (an obligation to pay or fulfill terms). The other options (involving negotiable/nonnegotiable) don't fit the buyer - issuer relationship logic here. So the correct pair is assets for buyers and liabilities for issuers.

Answer:

A. assets; liabilities