5
QuizMultiple Choice

Personal Assets — Quiz

Question 5 • Advanced Financial Algebra

Which example is a capital asset?

Answer
A
a bank deposit
B
a bank loan
C
a house
D
a monthly salary

Explanation

A capital asset is a long-term asset, such as property, that can be owned or used over time. A house is a capital asset. A bank loan is a liability, a bank deposit is money held in an account, and a monthly salary is income.

AI-written and checked against the verified answer.

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