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2 years ago

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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