You can increase your net worth by: (select all that apply) a) not paying your bills...
You can increase your net worth by: (select all that apply)
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a) not paying your bills |
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b) reducing amounts owed |
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c) increasing the value of your investments and other possessions |
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d) maximizing the amount of taxes withheld from your paycheck |
Homework Answers
Net worth of a person is assets owned minus liabilities owed. Therefore you can increase your net worth either by increasing your asset or by decreasing your liabilities.
Therefore you can increase your net worth by
- reducing amounts owed (decreasing liability)
- increasing the value of your investments and other possessions (increasing asset)
Other two options are not true as it is increasing liabilities
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