ECONOMICS
BUDGETING
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Bank Loan
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Mortgage
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Debit Card
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Savings account
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Detailed explanation-1: -Your money in a savings or checking account is an asset. A car, home, business inventory, and land are also assets.
Detailed explanation-2: -Some examples of asset accounts include Cash, Accounts Receivable, Inventory, Prepaid Expenses, Investments, Buildings, Equipment, Vehicles, Goodwill, and many more.
Detailed explanation-3: -Here are some examples of asset accounts: Cash. Short-term Investments. Accounts Receivable.
Detailed explanation-4: -The purest form of financial assets is cash and cash equivalents-checking accounts, savings accounts, and money market accounts.
Detailed explanation-5: -Your home. Other property, such as a rental house or commercial property. Checking/savings account. Classic cars. Financial accounts. Gold/jewelry/coins. Collectibles/art. Life insurance policies.