You have a sneaker collection worth $2,000, and you have $300 in your savings account. But you also have a credit card balance of $200. What are your total assets?

Question

1. $500

2. $2,500

3. $2,300

4. $2,000

Answer 1

The correct answer is option 3, $2,300. The total assets would be the sum of the value of the sneaker collection ($2,000) and the savings account balance ($300), which equals $2,300.