Score

Stock Market Quiz 1

Asset is something that's yours forever (eg. a house), liability is something that's yours for a short time

Asset is something owed by you, liability is owed to you

Asset is something owned by you, or owed to you. Liability is owed by you

Asset is buying a Pinglr subscription, liability is not paying for that subscription

It allows us to consume more than we produce

Increased borrowing, increasing costs, eventually increasing default rate

Increased borrowing, decreasing costs, eventually decreasing default rate

Decreased borrowing, increased costs, eventually increasing default rate

Decreased borrowing, decreased costs, eventually decreasing default rates