Anything that is of value is:

Question

Quizplus · Accepted Answer

An asset is anything that has value and can be used to generate income or help meet financial obligations. A liability, on the other hand, refers to an obligation to pay for something that has been purchased, such as a loan or mortgage. Wealth is often defined as the value of all assets minus liabilities, so while it is related to the concept of value, it is not the best answer choice. Interest refers to the amount paid to borrow money, so it is not directly related to the concept of value.

Anything That Is of Value Is