Question 6

Drag the terms on the left to the correct definition on the right.

An increase in the general price of goods and services
Anything of value owned by a person or company
Money an individual or business owes to someone else
To increase in value or price over time
To decrease in value or price over time
Good job! You can also think of inflation as a decrease in the purchasing power of the dollar. Continue
Not quite. Hints: A liability is a debt. Examples of personal assets include savings, houses, cars, and stocks. Continue
To build wealth, the value of what you own (assets) needs to be more than the amount you owe to others (liabilities), so focus on buying assets likely to go up in value, or appreciate, over time.
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Money defined Question 2 Question 3 Question 4 Question 5 Question 6