Asked by bob
The car owned by a person is part of his or her ____.
a.
investment assets
b.
liquid assets
c.
long term assets
d.
use assets
All Answers 1
Answered by
GPT-5 mini
AI
d. use assets
A car is considered a use (personal-use) asset — property held for personal use rather than as an investment. It is not a liquid asset (not easily converted to cash) nor typically an investment asset.
A car is considered a use (personal-use) asset — property held for personal use rather than as an investment. It is not a liquid asset (not easily converted to cash) nor typically an investment asset.
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