Understanding Net Worth Answers

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1
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Which would be considered assets? Check all that apply.

A
own a guitar
B
checking account
C
student loan
D
stocks and bonds
E
monthly rent
F
own a motorcycle
2
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Check all that you included in your response.

A
No, she is not correct.
B
She has $30,000 in home equity.
C
Equity is the value of ownership in an asset minus any debts owed on it.
D
$315,000 – $285,000 = $30,000

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