Question

what term is used to describe an individuals money and personal property?
○ budget
○ income
○ assets
○ finances

Explanation:

To solve this, we analyze each option:

• "Budget" is a plan for spending money, not the money/property itself.
• "Income" is money received (earnings), not accumulated money/property.
• "Assets" are resources owned (money, personal property, etc.), matching the description.
• "Finances" refers to overall financial matters, not the specific term for money/property.

Answer:

C. assets