Respuesta :
Asset: The Jewlery someone owns
Liability: The amount of Credit-card debt someone has
Equity: A person's total Financial value
Liability is the amount of credit card debts a person owe to the card issuing bank/companies.
What is asset and lability?
Asset means anything which has future economic benefits. Lability means something a person or companies owe to others.
Liability is the amount of credit card debts a person owes.
Therefore, option C aptly describes the statement.
Learn more about asset and lability here:
https://brainly.com/question/13733365
