Explain the difference between real and personal property. Choose the correct choice below. A. Personal property is generally any property that can be moved from one location to another. Real property is land and anything erected or growing on it. B. Real property is classified as either tangible or intangible. Personal property can be only intangible. C. Real property is intangible property such as a copyright, patent, or franchise. Personal property can be seen or touched D. Personal property unlike the real property is used in a business to produce income

Explain the difference between real and personal property. Choose the correct choice below. A. Personal property is generally any property that can be moved from one location to another. Real property is land and anything erected or growing on it. B. Real property is classified as either tangible or intangible. Personal property can be only intangible. C. Real property is intangible property such as a copyright, patent, or franchise. Personal property can be seen or touched D. Personal property unlike the real property is used in a business to produce income

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter10: Financing And Producing Goods

Section: Chapter Questions

Problem 8AA

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