The Percentage of Assets That Are Financed with Liabilities Can

question 105

Multiple Choice

The percentage of assets that are financed with liabilities can be calculated using the ________.

• A)accounting equation
• B)debt ratio
• C)journal
• D)ledger

Recognize the necessity of tracking expenses to effectively manage a budget.

Understand the role of needs versus wants in budgeting and financial planning.

Identify strategies for reducing personal expenses.

Distinguish between various forms of financial aid for college students.

---

Definitions:

Government Budget Deficit

The financial situation where a government's expenditures exceed its revenues within a specific fiscal period, leading to borrowing or debt accumulation.

National Saving

The total income in an economy that remains after deducting consumption expenditures and government spending.

Interest Rate

The fraction of a quantity of money levied for borrowing it, often shown as a yearly percentage rate.

Investment

The act of allocating resources, usually money, in the expectation of generating an income or profit.