Michael started planning for retirement and after death decisions. He created a will and a trust for his children and arranged for his retirement. He was doing what?

Estate Planning

Liquidity

Inflation

Protection

Johns dad said to him, Don't put all of your eggs in one basket. His dad meant that when investing he should acquire a variety of different investments, instead of just one to reduce the risk. What concept was his dad referring to?

Liquidity

Assets

Inflation

Diversification

Vanessa took a measure of the level of her wealth. She subtracted her debts from her assets and came up with her:

Worth Value

Market Value

Blue Book Value

Net Worth