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- 1. Multiple Choice
Property owned by a person or company, regarded as having value is an __________
asset
liability
net worth
pizza
- 2. Multiple Choice
What is another word for house payment?
Wages
Net Worth
Mortgage
Book
- 3. Multiple Choice
The difference of what you own and what you owe (the difference between assets and liabilities)
asset
liability
net worth
coconut
- 4. Multiple Choice
Assets-Liabilities=
assets
expenses
net worth
savings
- 5. Multiple Choice
Assets=$20,000
Liabilities=$50,000
What is the net worth?
$80,000
- $80,000
$30,000
- $30,000
- 6. Multiple Choice
Which of the following is an asset?
mortgage
school loan
jewelry
credit card bill
- 7. Multiple Choice
You can have negative Net Worth.
True
False
- 8. Multiple Choice
A thing for which someone is responsible, especially a debt or financial obligation is a _____.
asset
liability
net worth
bacon
- 9. Multiple Choice
Bills and Loans are examples of ________?
Assets
Liabilities
Net worth
Pickles
- 10. Multiple Choice
How can you INCREASE Net Worth? (Check all that apply)
Increase Assets
Decrease Liabilities
Decrease Assets
Increase Liabilities
- 11. Multiple Choice
If Tiffany bought her car for $50,000 but the market value is $10,000 what is the liability?
$50,000
$40,000
$60,000
$10,000
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