Question

show what you know- demonstrate what you learned about building you
something that you owe to someone, usually in the form of money is known as:
a. an asset
b. a liability
c. a credit card
d. net worth

Explanation:

To solve this, we analyze each option:

• Option A: An asset is something owned, not owed. Eliminate A.
• Option B: A liability is a debt or something owed to others, often in money. This matches the description.
• Option C: A credit card is a tool, not the debt itself. Eliminate C.
• Option D: Net worth is assets minus liabilities, not what's owed. Eliminate D.

Answer:

B. A liability