23
QuizMultiple Choice

Financial Responsibility and Budgeting — Test

Question 23 • Personal Finance

Which of these is the best example of an asset?

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

Explanation

An asset is something of value that a person owns and can potentially use or sell. An antique diamond necklace has lasting value and could be sold, so it is the best example of an asset. The coffee has already been consumed, the used airline ticket has little or no remaining value, and electricity is used rather than held as a lasting possession.

AI-written and checked against the verified answer.

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