International Baccalaureate (IB) Practice Exam

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Are expensive houses and new cars a true indication of wealth?

  1. True

  2. False

The correct answer is: False

Wealth cannot be accurately assessed solely through expensive houses and new cars. While these items may be associated with affluence, they do not take into account other crucial factors such as savings, investments, debt levels, and overall financial stability. An individual may own a lavish house and a luxury car but may also be financially strained due to debt or lack of savings. Wealth is a more complex concept that encompasses total financial health rather than just visible possessions. Thus, relying on such indicators can lead to misconceptions about a person’s true financial situation.

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