15
QuizMultiple Select

Unit Test

Question 15 • Academy - Economics and Personal Finance

Quincy listed his assets and liabilities. CashRentStocksJewelryStudent LoanUtilitiesWhich are Quincy’s assets? Select three choices.

Answer
c
cash
r
rent
s
stocks
j
jewelry
s
student loan

Explanation

Assets are things Quincy owns that have value. Cash, stocks, and jewelry are assets. Rent and utilities are expenses, while a student loan is a liability because it is money Quincy owes.

AI-written and checked against the verified answer.