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

Question

Quizplus · Accepted Answer

The difference between what you own (assets) and what you owe (liabilities) is called net worth. This is also known as your financial position and is a measure of your overall wealth. Gross worth and net value are not commonly used terms in personal finance, and debt factor is not a term used to describe the comparison of assets and liabilities.

The Difference Between What You Own and What You Owe