Question

assets are:
current income minus spending on current needs.
the debts one owes.
saving minus investment.
anything of value one owns.
stocks, bonds, and credit card balances.

Explanation:

To determine the correct definition of assets, we analyze each option:

• "current income minus spending on current needs" describes savings, not assets.
• "the debts one owes" refers to liabilities, not assets.
• "saving minus investment" is not a standard definition related to assets.
• "anything of value one owns" matches the financial definition of assets (resources with economic value owned by an individual or entity).
• "stocks, bonds, and credit card balances" includes credit card balances (liabilities), so this is incorrect as assets exclude liabilities.

Answer:

The option "anything of value one owns." (the fourth option in the list)