Asset or Liability Quiz
12th Grade
•16 Qs
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Asset or Liability Quiz
Quiz
•
Financial Education
•
12th Grade
•
Practice Problem
•
Medium
Courtney Brown
Used 19+ times
FREE Resource
Enhance your content in a minute
16 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Classify a car that is financed through a loan.
Liability
Asset
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Classify a house that you own without any mortgage.
Liability
Asset
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Classify the monthly premiums for life insurance.
Liability
Asset
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Classify credit cards that are fully paid off each month.
Liability
Asset
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Classify a profitable business that you own.
Liability
Asset
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Classify intellectual property that generates regular royalty payments.
Liability
Asset
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Classify stocks that have lost value since purchase.
Liability
Asset
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