The difference between what you own and what you owe is called _____.
A) net worth
B) gross worth
C) net value
D) debt factor

Question

Quizplus · Accepted Answer

Net worth is the difference between what you own (assets) and what you owe (liabilities). It is the total value of an individual's financial assets minus their liabilities. It is an important measure of financial health and is used by lenders, investors, and financial analysts to evaluate an individual's financial standing. The other options (B, C, D) are not commonly used terms in finance.

The Difference Between What You Own and What You Owe