10. To know your net worth, subtract your liabilities from your __ Assets Previous net worth Net income Other liabilities 11. What is financial literacy? The curriculum provided to college students about finances for their degrees The content provided in bank statements for consumers The knowledge and skill base necessary for people to be informed consumers and manage their finances effectively The skills to read financial documents for personal finance classes goals, and statements 12. Savers have a tendency to be __ Strict with purchases for only themselves Strict with what they spend their money on other than groceries Strict with their purchases but spend money without a plan Strict with their money and not spend any of it

## Step1<br />For question 10, we need to understand the concept of net worth. Net worth is a measure of the value of an individual's or a company's assets minus its liabilities. Therefore, to calculate net worth, we subtract the liabilities from the assets.<br /><br />## Step2<br />For question 11, we need to understand what financial literacy means. Financial literacy is the ability to understand and use various financial skills, including personal financial management, budgeting, and investing. The definition that best fits this description is "The knowledge and skill base necessary for people to be informed consumers and manage their finances effectively".<br /><br />## Step3<br />For question 12, we need to understand the behavior of savers. Savers are individuals who are careful with their money and tend to save rather than spend. The definition that best fits this description is "Strict with their money and not spend any of it".