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Define the following terms Import cover, Financial institutions, Financial risk, Financial asset

Define the following terms
- Import cover
- Financial institutions
- Financial risk
- Financial asset

Answers

Dana
Import cover measures the number of months of imports that can be covered with the foreign exchange reserves in the central bank of a country
Financial institutions refer to any institution that collects money and puts it into valuable assets
Financial risk is the probability that the return form an investment will be less than the actual return
Financial assets are nonphysical economic resources owned by investors or businesses
Dana05 answered the question on July 15, 2019 at 14:55

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