From the given options, select the OPPOSITE in meaning to the given word: "Liability" |
Money Property Asset Debt |
Asset |
The correct answer is: Option (3) → Asset Liability refers to something that a person or business owes – a financial obligation or burden. Asset is the opposite, meaning something of value or benefit that a person or business owns. Option (1) Money is a medium of exchange and can be either an asset or used to settle a liability – not an opposite. Option (2) Property refers to ownership of physical or intangible items, usually considered an asset – not a direct antonym. Option (4) Debt is a synonym of liability, as both refer to something owed. |