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AssignmentMultiple Select

Understanding Net Worth

Question 1 • Personal Finance - EL3403

Which would be considered assets? Check all that apply.

Answer
A
own a guitar
B
checking account
C
student loan
D
stocks and bonds
E
monthly rent
F
own a motorcycle

Explanation

Assets are things you own that have value or money you can access. A guitar and motorcycle are possessions with value, a checking account holds your money, and stocks and bonds are investments. A student loan is a debt, and monthly rent is an expense, so neither is an asset.

AI-written and checked against the verified answer.

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