4
QuizMultiple Choice

Financial Planning and Consumer Protection — Test

Question 4 • CMS 2026-2027 Economics and Personal Finance INITIAL CREDIT

Which of these is the best example of an asset?

Answer
A
the coffee someone drank this morning
B
an old, used airline ticket
C
the antique diamond necklace someone is wearing
D
the electricity in a home

Explanation

An asset is something of value that a person owns and can potentially use or sell. An antique diamond necklace has lasting value and could be sold, so it is the best example of an asset. The coffee has already been consumed, the used airline ticket has little or no remaining value, and electricity is used rather than held as a lasting possession.

AI-written and checked against the verified answer.

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