Name Module 22 Featured Worksheet Assets and Liabilities 1. Before your first meeting with your financial advisor, you are asked to make a list of all of your assets and liabilities. Determine how the advisor will label each of the following: a. Used car, you have paid off, Kelly blue book value $450 b. $50 government bond that matures in 2 years c. $500 in savings account d. $1,000 you have on your credit card e. Share of stock from Apple INC 2. You place $5,000 into your savings account at your bank. a. The bank views the money as: b. You view the money as: 3. You take out a car loan of $10,000 from your bank. a. The bank views the money as: b. You view the money as: 4. Explain the three tasks of the financial system

Clara client has just been presented with a standard representation agreement by the law firm of yatz & berger. clara's first language is german. although she speaks and reads everyday english quite well, the legal terms in the contract confuse her. yatz & berger should question 90 options: have someone in the firm, if possible, or a translator from outside of the firm, explain the terms of the contract thoroughly until clara has a full and complete understanding of its terms. advise clara to take the contract home and study it before signing it. have a paralegal explain the most important clauses in the contract to clara in smaller, plain english words. advise clara to sign the contract and take her copy home for study.