The difference between household assets and liabilities is referred to as

Question

Quizplus · Accepted Answer

Household assets refer to everything a household owns such as property, vehicles, investments, and cash, while liabilities refer to debts owed such as mortgages, car loans, and credit card balances. The difference between household assets and liabilities is known as net worth, which represents the value of the household's assets minus its liabilities. Therefore, the correct answer is C, net worth.

The Difference Between Household Assets and Liabilities Is Referred to as