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An original amount of money deposited in a bank account is known as
increases in value over time
subtracting liabilities from assets
Simple interest
principal
houses and real estate
$175
bank loan
cash or easily turned into cash
An investment is something worth buying because it
increases in value over time
subtracting liabilities from assets
Simple interest
principal
houses and real estate
$175
bank loan
cash or easily turned into cash
Liquid assets are
increases in value over time
subtracting liabilities from assets
Simple interest
principal
houses and real estate
$175
bank loan
cash or easily turned into cash
A _____________ is a liability that must be deducted from a person's assets when calculating net worth.
increases in value over time
subtracting liabilities from assets
Simple interest
principal
houses and real estate
$175
bank loan
cash or easily turned into cash
If you have $500 worth of assets and $325 in liabilities, your net worth is
increases in value over time
subtracting liabilities from assets
Simple interest
principal
houses and real estate
$175
bank loan
cash or easily turned into cash
_____________ is calculated solely on the amount of the principal.
increases in value over time
subtracting liabilities from assets
Simple interest
principal
houses and real estate
$175
bank loan
cash or easily turned into cash
Net worth is calculated by
increases in value over time
subtracting liabilities from assets
Simple interest
principal
houses and real estate
$175
bank loan
cash or easily turned into cash
Property assets that have historically increased in value include original works of art by known artists, gold and silver jewelry with precious gemstones, and
increases in value over time
subtracting liabilities from assets
Simple interest
principal
houses and real estate
$175
bank loan
cash or easily turned into cash
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