Question

Match each term below with its corresponding real-world example.

Liability
?
The jewelry someone
owns
Asset
?
The amount of credit-card
debt a person has
Equity
?
A person's total financial
value

Answer 1

Answer: Answer: Asset- The jewelry someone owns

Liability- The amount of credit-card debt a person has

Equity- A person’s total financial value

Step-by-step explanation:

Answer 2

Answer: Asset- The jewelry someone owns

Liability- The amount of credit-card debt a person has

Equity- A person’s total financial value