15
practice testMultiple Choice

Practice Test

Question 15 • CMS 2026-2027 Economics and Personal Finance INITIAL CREDIT

What term is used to describe an individual's money and personal property?

Answer
A
assets
B
finances
C
income
D
budget

Explanation

Assets are the money and valuable property that an individual owns. Finances is a broader term for managing money, income is money received, and a budget is a plan for spending and saving.

AI-written and checked against the verified answer.

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