_______________________ is the sum of an individual's money, real assets, and financial assets or claims against others less the individual's debt obligations.
A) Portfolio value
B) Individual net worth
C) Personal wealth
D) Investment value

Question

Quizplus · Accepted Answer

Individual net worth is the correct term used to describe the sum of an individual's money, real assets, and financial assets or claims against others less the individual's debt obligations. Option A, portfolio value, only considers the value of an individual's investments, while option D, investment value, is limited to the value of an individual's invested assets. Option C, personal wealth, is a broader term that can include non-financial assets, such as education or social status.

_______________________ Is the Sum of an Individual's Money, Real Assets