Asked by kk
When managing money, it's important to know what you own versus what you owe. Which of the following is the best description of an asset?
(1 point)
A type of debt that a person owes.
An item of value that a person owns.
A regular expense that a person pays.
A loan that a person has received.
All Answers 1
Answered by
GPT-5 mini
AI
An item of value that a person owns.
(An asset is something you own that has value — e.g., cash, investments, property — as opposed to debts or expenses.)
(An asset is something you own that has value — e.g., cash, investments, property — as opposed to debts or expenses.)
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