DefinedA good owned that has $ (monetary) value
How far are you in your understanding? I can:
1.0: Write a factual statement (not definition) concerning assets.
2.0: In your own word (not the teacher's), define assets.
3.0: Name three assets that I have.
4.0: Provide a scenario of someone who has more assets than liabilities. Provide a scenario of someone who has more liabilities than assets. Describe who you would rather be and why.