The value of what you own including savings, investments, and property are known asa.Capitalb.Recordsc.Credit historyd.Credit history
Question
The value of what you own including savings, investments, and property are known as
- a. Capital
- b. Records
- c. Credit history
- d. Credit history
Solution
The value of what you own, including savings, investments, and property, is known as a. Capital.
To elaborate, capital refers to the financial assets or resources that individuals or businesses can utilize for their economic benefit. This includes various forms of wealth such as cash in savings accounts, stocks, bonds, real estate, and other tangible and intangible assets that contribute to an individual's or entity's net worth.
The other options provided do not accurately describe this concept:
- b. Records generally refer to documentation or data management rather than financial ownership.
- c. Credit history pertains to an individual's history of borrowing and repaying debts, which can affect creditworthiness but does not define ownership of assets.
- d. Credit history is repeated and has the same explanation as point c.
Thus, the correct answer is a. Capital.
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