Math Exit Ticket for 11/02 - Financial Assets and Liabilities

A car loan, credit card bill, and loan are examples of....

• Assets

• Liabilities

• Net worth

• Investments

Which of the following is an example of an asset?

• Credit Card debt

• Car payoff

• Savings

• Student loan

Property owned by a person or a company that has value is considered as a(n)...

• Asset

• Depreciation

• Simple Interest

• Liability

Which group contains exactly one asset and two liabilities?

• Savings account, gift card, bank loan

• Mortgage, bank loan, car payment

• Checking account, bank loan, car payment

• Stocks, retirement fund, car

Is a loan used to pay for college a liability or an asset?​ ​ (a)  

• Asset
• Liability