Question

Pick the statement that will always be true about an asset. An asset is:
CHOOSE 1
Something you buy that will decrease in value and cost you money every month
Something of value that you own that can be sold and converted into money
Something you buy that will increase in value and bring in money every month
Something you buy on credit that will increase your net worth
There are no correct statements. All statements are incorrect

Answer 1

The statement that will always be true about an asset is:

**Something of value that you own that can be sold and converted into money**