Items that you own with a monetary worth are referred to as:
A) liabilities.
B) variable expenses.
C) net worth.
D) income.
E) assets.

Question

Quizplus · Accepted Answer

Assets refer to items that you own with monetary worth, such as property, vehicles, investments, and savings accounts. Liabilities are debts and financial obligations, variable expenses are costs that vary each month, net worth is the difference between your assets and liabilities, and income is the amount of money you earn from work or investments.

Items That You Own with a Monetary Worth Are Referred