Asset or Liability Quiz

Classify a car that is financed through a loan.

• Liability

• Asset

Classify a house that you own without any mortgage.

• Liability

• Asset

Classify the monthly premiums for life insurance.

• Liability

• Asset

Classify credit cards that are fully paid off each month.

• Liability

• Asset

Classify a profitable business that you own.

• Liability

• Asset

Classify intellectual property that generates regular royalty payments.

• Liability

• Asset

Classify stocks that have lost value since purchase.

• Liability

• Asset

Classify government bonds that you own.

• Liability

• Asset

Classify cash under your mattress.

• Liability

• Asset

Classify student loans that are currently being repaid.

• Liability

• Asset