Jamie McFarland Has Determined That the Value of Her Liquid

question 20

Multiple Choice

Jamie McFarland has determined that the value of her liquid assets is $4,500,the value of her real estate is $108,000,the value of her personal possessions is $62,000 and the value of her investment assets is $73,000.She has also determined the value of her current liabilities is $9,500 and the value of her long term liabilities is $68,000.What is Jamie's net worth?

• A)$267,500
• B)$105,500
• C)$170,000
• D)$205,500
• E)None of these

---

Definitions:

Escaping

The act of breaking free from restraint or confinement, often used in contexts such as escaping from slavery or prison.

Underground Railroad

A network of secret routes and safe houses established in the United States during the early to mid-19th century, used by African-American slaves to escape into free states and Canada with the aid of abolitionists.

Paternalism

The policy or practice on the part of people in positions of authority of restricting the freedom and responsibilities of those subordinate to or dependent upon them, supposedly for the latter’s own good.

Task System

A labor system predominantly used in the rice and indigo plantations of the American South, where enslaved people were assigned specific tasks to complete each day, after which they had some personal time.