menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Personal Finance Study Set 12
  4. Exam
    Exam 1: Overview of a Financial Plan
  5. Question
    If You Have Total Assets of $10 000 and Your
Solved

If You Have Total Assets of $10 000 and Your

Question 8

Question 8

Multiple Choice

If you have total assets of $10 000 and your net worth is $4000, how much liabilities should you have?


A) $4000
B) $6000
C) $10 000
D) $14 000

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q4: Which of the following would be a

Q5: If you spend $20 for your dinner,

Q6: In addition to the text, websites and

Q7: Budgets have to be exact and inflexible

Q11: What is the best measure of a

Q49: One of the considerations in determining your

Q63: An understanding of personal finance is necessary

Q77: Saving too much for short-term needs does

Q86: Your financial plan should include a plan

Q113: Money management decisions include deciding how much

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines