Understanding Assets and Liabilities

Which of the following is considered an asset?

• A car loan

• A savings account

• Credit card debt

• A mortgage

Which of the following is considered a liability?

• A house

• A student loan

• A retirement fund

• Jewelry

• $6,000

• $14,000

• $4,000

• $10,000

Tags

CCSS.6.NS.C.5

Which of the following is an example of an asset?

• A credit card balance

• A checking account

• A car loan

• A utility bill

• $10,000

• $20,000

• $5,000

• $15,000

Tags

CCSS.7.EE.B.3

Which of the following is NOT a liability?

• A mortgage

• A car loan

• A savings account

• Credit card debt

• $5,000

• $11,000

• $3,000

• $8,000

Tags

CCSS.6.NS.C.5

Which of the following is an example of a liability?

• A retirement account

• A personal loan

• A stock investment

• A savings bond

• $5,000

• $19,000

• $7,000

• $12,000

Tags

CCSS.7.NS.A.1B

Which of the following is considered an asset?

• A credit card bill

• A house

• A car loan

• A student loan