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    Personal Financial Planning Study Set 6
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    Exam 2: Developing Your Financial Statements and Plans
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    When Your Liabilities Exceed Your Assets, You
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When Your Liabilities Exceed Your Assets, You

Question 54

Question 54

Multiple Choice

When your liabilities exceed your assets, you:


A) are bankrupt.
B) have growing equity.
C) have a positive net worth.
D) are insolvent.
E) have less real assets than investments.

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