Which of these is defined as an asset?
A. Something you owe
B. Something you want
C. Something you observe
D. Something you own
Answer (2)
An asset is defined as something you own that holds value. The correct answer is 'something you own.' This concept is fundamental in finance, distinguishing assets from liabilities and liabilities.
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An asset is defined as something you own that holds value, distinguishing it from liabilities and other options. In the context of finance, ownership directly relates to the definition of an asset, which can be tangible or intangible. Therefore, the correct choice is 'something you own.' ;
