6
QuizMultiple Choice

Understanding Net Worth — Quiz

Question 6 • Economics and Personal Finance

Rita does chores for her neighbors and makes $45 each weekend. She owes her sister $80. Rita has $178 in coins and a collection of baseball cards worth $475. Which is a liability?

Answer
A
the money she owes her sister
B
the money she earns
C
the collection of baseball cards
D
the coins

Explanation

A liability is money that a person owes. Rita owes her sister $80, so that debt is a liability. Her earnings, coins, and baseball cards are things of value, not debts.

AI-written and checked against the verified answer.

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