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s2008m [1.1K]
2 years ago
7

What term is used to describe an individual's money and personal property?

Social Studies
2 answers:
gayaneshka [121]2 years ago
7 0

I believe the answer is: Assets

Assets would include everything of value that is owned by a certain individual or organisation. Assets is a critical component to calculate our net worth, which being done by calculating total assets - total liabilities. Examples of assets are cash, land, supplies, receivables, etc.

olchik [2.2K]2 years ago
4 0
Its assets. You can thank the question asker. The reasoning is that personal finance is too broad of a subject, while assets, income both fit into that category. and while it couldn't be income because it is a material item, the most specific answer would be assets. <span />
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