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In order to qualify for a mortgage a loan officer will consider an applicant’s net worth. Which of the following is subtracted from assets to determine net worth?
individual retirement account
purchasing power
an increase in financial resources for business investment
mutual fund
very high risk
liabilities
paying for new furniture
building equity
One effect of an increase in the amount of savings in an economy is —
individual retirement account
purchasing power
an increase in financial resources for business investment
mutual fund
very high risk
liabilities
paying for new furniture
building equity
One potential risk from investing in the stock market is the loss of —
individual retirement account
purchasing power
an increase in financial resources for business investment
mutual fund
very high risk
liabilities
paying for new furniture
building equity
Which of the following is not an annual cost of owning a home?
individual retirement account
purchasing power
an increase in financial resources for business investment
mutual fund
very high risk
liabilities
paying for new furniture
building equity
Which type of bank account is not insured?
individual retirement account
purchasing power
an increase in financial resources for business investment
mutual fund
very high risk
liabilities
paying for new furniture
building equity
One of the benefits of home ownership includes —
individual retirement account
purchasing power
an increase in financial resources for business investment
mutual fund
very high risk
liabilities
paying for new furniture
building equity
Which investment is considered the most secure in a retirement plan?
individual retirement account
purchasing power
an increase in financial resources for business investment
mutual fund
very high risk
liabilities
paying for new furniture
building equity
Investments with high rates of return are generally accompanied with —
individual retirement account
purchasing power
an increase in financial resources for business investment
mutual fund
very high risk
liabilities
paying for new furniture
building equity
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