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AAMS - Chapter 5 WITH COMPLETE SOLUTIONS GRADED A+
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AAMS - Chapter 5 WITH COMPLETE SOLUTIONS GRADED A+
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11/8/24, 3:17 PMAAMS Accredited Asset Management Specialist - College
of Financial PlanningWITH COMPLETE SOLUTIONS
GRADED A+.
1/5 Study with Learn
a. cash/cash equivalents
checking accounts, money market mutual funds, T-bills, CDs,
money market deposit accounts, and savings accounts
b. invested assets
stocks, bonds, mutual funds, IRAs, pension funds (vested portion),
and rental property
c. use assets
automobiles and other vehicles, main residence, personal
property, boats, and clothing
d. short-term liabilities
liabilities payable in one year or less, such as credit card balances
e. long-term liabilities
liabilities payable over one year or more, such as mortgages, car
loans, student loans, and home equity loans
f. net worth
the residual difference between assets and liabilities
1/4
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