INSTRUCTIONS: Choose the Word or Phrase in [ ] Which

question 28

Multiple Choice

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. Select
-The average American's [home equity | home mortgage] is higher.

• A)for the first item
• B)for the second item
• C)if neither item will correctly complete the statement.

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Definitions:

Liability

Refers to the state of being legally responsible for something, typically a debt or obligation.

Weekend Business Activity

Commercial or professional transactions conducted during Saturday and Sunday.

Truck Expenses

Costs associated with operating and maintaining a truck, including fuel, repairs, maintenance, and insurance.

Partnership Liability

Legal responsibility borne by partners in a partnership where each partner can be held responsible for the actions of the partnership.