Which category of personal property includes cash and securities?

The correct answer is B. Intangible personal property. This category encompasses financial assets that do not have a physical presence. Cash and securities fit into this classification because they represent ownership and value but aren't physical objects that can be touched or seen.

In the realm of property categorization, tangible personal property refers to items that have a physical form, such as furniture, machinery, or vehicles. Real property includes land and anything permanently attached to it, such as buildings. Mixed property combines elements of both tangible and intangible properties but does not apply specifically to cash and securities, which distinctly fall under intangible personal property. Understanding these classifications is crucial for property assessment and taxation processes.