Examples of assets that are included in household wealth would be
A)stocks, bonds, and savings accounts.
B)stocks, loans owed, and savings accounts.
C)stocks, bonds, and mortgages.
D)stocks, credit cards, and savings accounts.
E)stocks, bonds, and household appliances.

Question

Quizplus · Accepted Answer

Household wealth refers to the total value of all assets (owned by the household) minus any liabilities/debts. Stocks, bonds, and savings accounts are all examples of assets that increase household wealth. Loans owed and mortgages are liabilities/debts and thus decrease household wealth. Credit cards are not considered assets, but rather a liability/debt. Household appliances are not financial assets and thus not included in household wealth.

Examples of Assets That Are Included in Household Wealth Would