__________ refer(s) to the accumulated sum of assets (savings accounts, homes, cars) minus the sum of debts (mortgages, loans, credit card debts).
A) Wealth
B) Household income
C) Financial obligations
D) Asset allocation

Question

Quizplus · Accepted Answer

Wealth refers to the accumulated assets minus debts, which is also known as net worth. Household income refers to the amount of money earned by a household in a given period of time, and financial obligations refer to the debts and other financial commitments of a household. Asset allocation refers to the way in which a person or household distributes their investments among different types of assets.

__________ Refer(s) to the Accumulated Sum of Assets (Savings Accounts