7
QuizMultiple Choice

Personal Assets — Quiz

Question 7 • Advanced Financial Algebra

Which example is an intangible asset?

Answer
A
a trademark
B
a piece of land
C
a laptop
D
a credit card

Explanation

An intangible asset has value but does not have a physical form. A trademark is an intangible asset because it represents legal rights to a brand or symbol. A laptop and land are physical assets, while a credit card is a payment tool rather than an asset itself.

AI-written and checked against the verified answer.

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