Calculate the Debt Ratio for an Individual Who Has $90,000

question 109

Multiple Choice

Calculate the debt ratio for an individual who has $90,000 in assets and $35,000 in liabilities.

• A)0.28
• B)2.57
• C)0.39
• D)0.64
• E)1.25

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Definitions:

Defense Mechanisms

Unconscious psychological strategies used to cope with reality and protect the ego from anxiety.

Freud

An Austrian neurologist named Sigmund Freud created psychoanalysis, a therapeutic approach that treats mental illnesses by facilitating discussions between a patient and a psychoanalyst.

Superego

A component of Freud's psychoanalytic theory of personality, representing the moral conscience and ideal standards imposed by society and parents.

Adolescence

The period of life from about age 13 to the early 20s, during which a young person is no longer physically a child but is not yet an independent, self-supporting adult.