A person's 'wealth':
A)is a measure of how much money the person has.
B)equals the value of the person's assets minus his or her liabilities.
C)is measured independently of his or her current and expected future income.
D)All of these options are correct.

Question

Quizplus · Accepted Answer

Wealth is not just the amount of money a person has, but it is equal to the value of their assets minus their liabilities. This includes property, investments, savings, and any other valuable possessions. A person's current and expected future income may contribute to their overall financial stability, but it is not the sole determinant of their wealth.

A Person's 'Wealth