Net worth is measured by

If interest on a savings account is compounded semiannually, the effective rate of interest will be

higher than the nominal rate.

lower than the nominal rate.

the same as the nominal rate.

half the nominal rate.

Question $28$

You are solvent if your

total assets exceed total liabilities.

total liabilities exceed total assets.

total assets exceed net worth.

$($D$)$ total liabilities exceed net worth.