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Question
show what you know- demonstrate what you learned about building your financ
an asset is something that you own that has
a. a long history
b. a lock
c. value
d. a mortgage
In finance (a subfield of Business), an asset is defined as a resource owned by an individual or entity that has economic value, meaning it can be used to generate future economic benefits. Option A (a long history) is irrelevant to an asset's definition. Option B (a lock) has no relation to the financial definition of an asset. Option D (a mortgage) is a liability or a loan used to acquire an asset, not a characteristic of an asset itself. Only option C (Value) fits the definition of an asset.
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C. Value