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Net Worth Statements

Quiz by Orlando

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3 questions
Show answers
  • Q1
    Complete the Net Worth Statement: Assests - __________________________ = Net Worth
    Liabilities
    Car Payments
    Money
    Bank Accounts
    30s
  • Q2
    What does "Net Worth" mean?
    It's how much you make after you start working a professional job
    It's the amount you owe to all your debt collectors
    It's how big your net is after you add up all your money
    It's how much a person is worth after subtracting liabilities from assets
    30s
  • Q3
    What is an asset?
    It's something that you're left with after you subtract liabilities
    It's something that belongs to someone else and they owe payments
    It's something of value that BELONGS to you
    It's something that you owe to someone else
    30s

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