def password_valid(self, wallet):
        """
        Checks whether the password entered for **wallet** is valid

        :param wallet: Wallet to check password for
        :type wallet: str

        :raises: :py:exc:`nano.rpc.RPCException`

        >>> rpc.password_valid(
        ...     wallet="000D1BAEC8EC208142C99059B393051BAC8380F9B5A2E6B2489A277D81789F3F"
        ... )
        True

        """

        wallet = self._process_value(wallet, 'wallet')

        payload = {"wallet": wallet}

        resp = self.call('password_valid', payload)

        return resp['valid'] == '1'