Net worth is measured by
A)bank card balances.
B)house mortgage balances.
C)amount owed on an automobile loan.
D)assets minus liabilities.
E)insurance premium.

Question

Quizplus · Accepted Answer

Net worth is calculated by subtracting total liabilities from total assets. It gives an idea of an individual's or organization's financial position indicating how much they would have left if they sold all their assets and paid off all their debts. Bank card balances, house mortgage balances, amount owed on an automobile loan, and insurance premium are all individual components of overall liabilities and assets and do not determine net worth on their own.

Net Worth Is Measured by