AAFM Exam CWM_LEVEL_2 Topic 2 Question 85 Discussion

Actual exam question for AAFM's CWM_LEVEL_2 exam

Question #: 85
Topic #: 2

[All CWM_LEVEL_2 Questions]

Section C (4 Mark)

Read the senario and answer to the question.

Which of the following would affect Net Worth of Keshav?

A2 and 3

B3 and 4

C1, 3 and 4

D1, 2 and 4

Show Suggested Answer

Suggested Answer: C

by Tashia at Aug 23, 2024, 02:25 PM

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Anthony

1 months ago

This is too easy! The correct answer is obviously C. Net worth is all about assets, liabilities, and income - you can't ignore any of those factors.

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Flo

1 months ago

I'm going with C. Keshav's net worth would be affected by any major changes to his income, investments, or debt levels. Gotta consider the whole picture.

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Lashawna

1 months ago

Ha! Trick question - the answer is clearly B. Everyone knows that changes in income and liabilities are the only things that matter for net worth. Who needs assets, right?

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Roselle

2 days ago

D) 1, 2 and 4

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Fernanda

3 days ago

C) 1, 3 and 4

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Cheryll

6 days ago

B) 3 and 4

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Katina

9 days ago

A) 2 and 3

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Chanel

1 months ago

D seems more logical to me. Increases in assets and decreases in liabilities should increase net worth, while a change in income alone doesn't necessarily impact it.

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Janella

5 days ago

D seems more logical to me. Increases in assets and decreases in liabilities should increase net worth, while a change in income alone doesn't necessarily impact it.

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