Which of the following is not considered an asset for a family?
A) Cash in a checking account
B) A mortgaged home
C) A leased car
D) Furniture

Name: Which of the following is not considered an asset for a family? A) Cash in a checking account B) A mortgaged home C) A leased car D) Furniture
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Question

Quizplus · Accepted Answer

A leased car is not considered an asset for a family because it is not owned by the family; it is essentially rented for a period of time, and ownership remains with the leasing company.

Which of the Following Is Not Considered an Asset for a Family