Question

What is net worth?


the rate the Federal reserve charges for loans to commercial banks


the process by which banks record whose account gives up money and whose account receives money when a check is written


an individual’s or company’s total assets minus liabilities


the interest rate banks charge each other for loans

Answer 1

Net worth is defined as an individual’s or company’s total assets minus liabilities. This figure represents the financial value of a person or entity, indicating what remains after all debts have been paid off.