When your assets exceed your liabilities,you are ____________.
A)insolvent
B)unable to meet your financial targets
C)solvent
D)in financial distress

Question

When your assets exceed your liabilities,you are ____________. ​
A)insolvent
B)unable to meet your financial targets
C)solvent
D)in financial distress

Quizplus · Accepted Answer

When your assets exceed your liabilities, you are considered solvent. This means that you have more financial resources than debts and are able to pay for your obligations. Conversely, if your liabilities surpass your assets, you are insolvent and may face financial difficulties.

When Your Assets Exceed Your Liabilities,you Are ____________