A Family with $100,000 in Assets and $60,000 of Liabilities

question 41

Multiple Choice

A family with $100,000 in assets and $60,000 of liabilities would have a net worth of

• A) $20,000.
• B) $40,000.
• C) $60,000.
• D) $100,000.
• E) $160,000.

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Definitions:

Long-term Memory

The phase of the memory process that is capable of storing information for long periods of time, even permanently.

Maintenance Rehearsal

A method of keeping information in short-term memory by mentally repeating it.

Episodic Memories

Episodic memories are a type of long-term memory that involve the recollection of specific events, situations, and experiences, including the context and emotions associated with them.

Semantic Memories

Memories of general knowledge and facts about the world, independent of personal experience.