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Personal Finance

Test 1

QuestionAnswer
Negative Net Worth the amount of your liabilities is larger than the value of your assets.
Financial Literacy means having the knowledge and skills to manage your personal finances.
Interest a fee charged for using borrowed money for a purchase.
Personal Finance relates to all of the different money decisions you make each day.
Net Worth Knowing what is the starting point for a financial plan.
Asset anything you own that has value.
Created by: houkjar28
 

 



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