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LN1-Introduction

LN1-Introduction - INTRODUCTION Basic Concepts Examples...

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INTRODUCTION
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Assets Assets generate streams of income in across different states and different dates. • Examples? Basic Concepts & Examples
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Financial Assets Promises by one economic agent to deliver a stream of income to another agent. The first agent usually sells such a promise for income upfront. This is sometimes called a loan and the first agent is called a borrower. The second agent is called an investor or lender. Basic Concepts & Examples
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