18
QuizMultiple Choice

Net Worth

Question 18 • Financial Math - MA2007 CR

The car owned by a person is part of his or her ____.

Answer
A
investment assets
B
liquid assets
C
long term assets
D
use assets

Explanation

A car owned for personal transportation is a use asset because it is primarily used for its function rather than held to earn income or readily converted to cash. Therefore, the correct choice is “use assets.”

AI-written and checked against the verified answer.

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