Question 1 (1 point) A person can be declared insolvent if he or she owes $1,000 and is unable to pay. his or her spouse is insolvent as well. he or she has no assets. monthly payments exceed $1,000. Question 3 (1 point) Two loans each for $1,000 have the same APR but different maturities. Which of the following is true? Question 1 (1 point) A person can be declared insolvent if he or she owes $1,000 and is unable to pay. his or her spouse is insolvent as well. he or she has no assets. monthly payments exceed $1,000. Question 3 (1 point) Two loans each for $1,000 have the same APR but different maturities. Which of the following is true