BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is an example of collectibles which add to net worth
A
Collection of seashells
B
Stuffed animals from childhood
C
Stamp collection
D
‘Chronicles of Narnia’ DVDs
Explanation: 

Detailed explanation-1: -Art, antiques, stamps, books, coins, trading cards and comic books are common types of collectibles. Rare collectibles often fetch higher prices, and the value of collectibles tend to appreciate over time.

Detailed explanation-2: -Net worth is a measure of what you own, minus what you owe; it’s calculated by subtracting all of your liabilities from your total assets. Your home is probably your most valuable asset; other key assets include investments, automobiles, collectibles, and jewelry.

Detailed explanation-3: -The Non Fungible Tokens (NFTs) work as unique identifiers of digital files that can be used to trace their history and proof ownership. The transactions are registered in a decentralized ledger known as a blockchain and according to the rules established in a smart contract.

There is 1 question to complete.