Question

Which of the following is an example of a family asset?

Mortgage
O Cash
O
Credit card balance
O Rent

Answer 1

Mortgage or rent

"Family Assets Law and Legal Definition. An asset owned by one or both of the spouses and ordinarily used by a spouse or minor child of either spouse for a family purpose is a family asset. For example, the matrimonial home, furniture, and car."

Step-by-step explanation:

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