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sh 5. The balance sheet equation is: (Points 2) Total Assets Total Liabilities Net Worth Total Assets x Total Liabilities Net Worth Total Assets Total

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sh 5. The balance sheet equation is: (Points 2) Total Assets Total Liabilities Net Worth Total Assets x Total Liabilities Net Worth Total Assets Total Liabilities Net worth. Total Assets Total Uabilities Net worth. Total Liabilities Total Assets Net Worth 6. The income statement includes (Points 2) income, liabilities, net worth. income, expenditures, surplus or deficit. expenditures, net worth, surplus or deficit. O net worth, surplus, income or expenditures. e savings, surplus, income or expenditures. 7. Compared to other depository financial institutions, credit unions (points 2) are run to benefit their members. pay higher interest on savings. charge lower rates on loans. O all of these are true. none of these are true. 8. Funds in a must on deposit for a stated time period in order to avoid an interest penalty. remain (Points 2 O certificate of deposit O U.S. Treasury bill checking account mutual fund passbook savings nt grater than your account balance, the result will be (points 2)

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