9
QuizMultiple Choice

Principles of Financial Planning

Question 9 • Personal Finance - EL3403

Which of these is the best example of an asset?

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

Explanation

An asset is something valuable that a person owns and can potentially keep or sell. An antique diamond necklace has lasting value, unlike electricity and coffee that have already been used or consumed, or an airline ticket that has already been used.

AI-written and checked against the verified answer.

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