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Jouer Test
1. 
Maggie earns $62,000 per year and has a net worth of $20,000. Samantha $96,000 and has a net worth of $15,000. Who is wealthier?
A.
Assets - liabilities = net worth
B.
Increase his assets
C.
Maggie, because her net worth is higher than Samantha's
D.
The balance of his credit card
2. 
Assets+ liabilities = net worth is the formula for net worth
A.
true
B.
false
3. 
To increase his net worth, Jackson could:
A.
Increase his assets
B.
check the balance of his credit card
C.
open a savings account
4. 
Brett is creating a statement of financial position and needs to list her assets. Which of the following should he NOT list as an asset?
A.
the .50 cents he owes his cousin
B.
money his grandparents gave him for groceries
C.
Money in the paycheck he will receive next week
5. 
To calculate her net worth Jordyn should use the following formula:
A.
Assets - liabilities = net worth
B.
Assets x liabilities = net worth
C.
Assets + liabilities = net worth
D.
Assets/ liabilities = net worth