The Value of Things You Own Minus the Amount of Money

question 208

True/False

The value of things you own minus the amount of money you owe others is called equity.

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Definitions:

Trade

The action of buying, selling, or exchanging goods and services between people or countries.

Secretary Of State

A high-ranking official in the U.S. government responsible for foreign affairs, traditionally regarded as the top cabinet post.

Hamilton

Alexander Hamilton, a founding father of the United States, known for being the first Secretary of the Treasury and founding the nation's financial system.

Jay's Treaty

A 1795 treaty between the United States and Great Britain that averted war, resolved issues remaining since the Treaty of Paris of 1783, and facilitated ten years of peaceful trade between the United States and Britain.