All of the following would be considered a positive addition to household wealth except
A)the equity in one's home.
B)500 shares of Google stock.
C)the balance in your savings account.
D)a credit card balance.

Question

Quizplus · Accepted Answer

A credit card balance is a liability, not an asset, and therefore cannot be considered a positive addition to household wealth. The other choices, including home equity, stock holdings, and a savings balance, all represent assets that can increase household wealth.

All of the Following Would Be Considered a Positive Addition