3
QuizMultiple Choice

Financial Responsibility — Unit test

Question 3 • Personal Finance - EL3403

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

Answer
A
budget
B
income
C
assets
D
finances

Explanation

Assets are the money and personal property an individual owns. A budget is a plan for spending money, income is money received, and finances refer more broadly to a person's money matters. Therefore, the correct choice is assets.

AI-written and checked against the verified answer.

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