ECONOMICS
TRADE EXCHANGE AND INTERDEPENDENCE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Candy
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Personal property
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Money
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Trade
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Detailed explanation-1: -Personal property refers to an individual’s useful or valuable properties other than the properties like land, building, and immovable properties on it. The items are generally movables and examples include furniture, electronic appliances, stocks, collectibles, and cars.
Detailed explanation-2: -Personal property can be characterized as either tangible or intangible. Examples of tangible personal property include vehicles, furniture, boats, and collectibles. Stocks, bonds, and bank accounts fall under intangible personal property.
Detailed explanation-3: -Any movable thing or intangible item of value that is capable of being owned by a person and not recognized as real property. Synonymous with chattel.
Detailed explanation-4: -Possession, control, exclusion, income, and disposition are the most frequent types of legal property rights that an individual may have over an owned piece of property.
Detailed explanation-5: -Intangible. Tangible. Other distinctions.