12
practice testMultiple Choice

Practice Test

Question 12 • Economics and Personal Finance

Quincy listed his assets and liabilities. Cash Rent Stocks Jewelry Student Loan Utilities Which are Quincy’s assets? Choose three correct answers.

Answer
A
stocks
B
jewelry
C
student loan
D
rent
E
cash

Explanation

Assets are things Quincy owns that have value. Cash, stocks, and jewelry are assets; a student loan is a debt, while rent and utilities are expenses rather than owned property.

AI-written and checked against the verified answer.

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