Briefly explain whether you agree with the following statement: Assets are things of value that people own.

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Briefly explain whether you agree with the following statement: "Assets are things of value that people own. Liabilities are debts. Therefore, a bank will always consider a checking account deposit to be an asset and a car loan to be a liability."

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Economics

ISBN: 978-0134106243

6th edition

Authors: R. Glenn Hubbard

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Question Posted: Nov 01, 2017 07:51 AM

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Briefly explain whether you agree with the following statement: Assets are things of value that people own.

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You should disagree because the balance in a check...View the full answer

Economics

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