Measuring Financial Health and Wealth Quiz

• Net worth (correct)
• Expenses
• Assets
• Liabilities

• Resources that have a future economic benefit (correct)
• Future obligations that you owe
• Items of value that you own
• Money spent for something in the current period

• Liabilities are assets, expenses are liabilities
• Liabilities impact profits, expenses impact net worth
• Liabilities are resources, expenses are future obligations
• Liabilities are future obligations, expenses are money spent in the current period (correct)

<p>Assets, Liabilities, and Net Worth (C)</p> Signup and view all the answers

<p>The amount it is worth today if you were to sell the asset (D)</p> Signup and view all the answers

<p>Being able to pay all debts (D)</p> Signup and view all the answers

<p>By increasing or decreasing assets (A)</p> Signup and view all the answers