________ is defined as the value of a household's assets minus the value of its liabilities.
A)Household income
B)Household wealth
C)Personal household consumption
D)Planned household investment
E)Household financial planning

Question

Quizplus · Accepted Answer

Household wealth is the value of a household's assets minus the value of its liabilities. Household income refers to the total amount of money earned by a household, personal household consumption refers to the amount spent on goods and services for personal use, planned household investment refers to the amount of money a household plans to invest, and household financial planning refers to strategies for managing household finances.

________ Is Defined as the Value of a Household's Assets