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7 March, 13:52

Match each term below with its corresponding real-world example.

1Liability

a) The jewelry someone

owns

2Asset

b) The amount of credit card

debt a person has

3Equity

c) A person's total financial

Value

+2
Answers (1)
  1. 7 March, 14:50
    0
    The jewelry someone owns would be an asset, as it is adding value to someone's economic portfolio.

    The amount of credit card debt someone has could be a liability, as it is a danger to their economic well-being.

    Lastly, a person's total financial value would be their equity
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