Question

In financial terms, what is an asset?

a.

A type of property that doesn't yield any value

b.

A form of property that decreases in value over time

c.

A kind of property that generates value or a return

d.

A type of property that can only be owned by governments

Posted under IC38 Life Insurance Agent Exam

Answer: (c).A kind of property that generates value or a return Explanation:An asset is a property that yields value or a return, such as generating income or providing a financial benefit.

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Q. In financial terms, what is an asset?
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