Which of the following would not be considered a positive addition to household wealth? A

Economics May 21, 2021

Which of the following would not be considered a positive addition to household wealth? A. the equity that homeowners have in their own homes B. 1 000 shares in Qantas Airlines *C. a credit card balance D. the balance in a savings account

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Answer

Explanation

From the above options, Credit card balance gives facility of credit transactions of shopping or making for payment of bills etc. So, It creates a liability in future and doesn't increases the value of household wealth. These are considered as liability not an asset. The correct option is C "Credit Card Balance".

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