Geoff rents an apartment with a monthly rent of $850. He owns the furniture in the apartment, which is worth $3,500, and he owns his car, which is worth $6,000. Geoff has a balance of $1,225 on his credit card and has $3,560 in a savings account.
Which is one of Geoff's liabilities?
a. the car
b. the furniture
c. the savings account
d. the credit card
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