ECONOMICS
MONEY MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
says that money received today is worth more than money received in the future.
|
|
|
is the amount of money a person has to spend after needs are met.
|
|
|
is the value of all assets, minus the total of all liabilities.
|
|
|
is the amount of money a person has to spend after needs are met.
|
Detailed explanation-1: -Net worth is the total value of assets minus any liabilities or debt. Net worth can be a helpful snapshot of a person’s or company’s wealth. Positive net worth might be a sign of good financial health. Negative net worth might be a sign of poor financial health.
Detailed explanation-2: -Net worth is the value of all assets, minus the total of all liabilities. Put another way, net worth is what is owned minus what is owed.
Detailed explanation-3: -Net worth is assets minus liabilities. Or, you can think of net worth as everything you own less all that you owe.
Detailed explanation-4: -Assets minus Liabilities equals Fund Balance (also called Net Assets). An asset is something ownedeither cash or something that could be sold or collected to turn into cash, like equipment or a receivable.
Detailed explanation-5: -In simple terms, net worth is the difference between your assets and your liabilities. Assets are all the things you own such as a house, investments accounts, cars. Liabilities being all the things you owe, such as a mortgage, credit cards, student loans, etc.