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</p> Signup and view all the answers

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

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

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