Assets and Liabilities

Ron Deiter

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: Assets represent things of value that are owned by a household, firm or government. Liabilities are debts that are owed by a household, firm, or government. Each year, trillions of dollars of assets and liabilities constitute an enormous worldwide capital market that is based on the flows of savings and investments.

Date: 1991-01-01
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