A person's net worth would increase as a result of:
A)reducing the amounts you owe to others.
B)decreasing savings.
C)increasing spending for current living expenses.
D)decreasing the value of personal possessions.
E)decreasing the value of investments.

Question

Quizplus · Accepted Answer

Reducing the amounts you owe to others directly decreases your liabilities, which in turn increases your net worth. Net worth is calculated as assets minus liabilities, so decreasing liabilities increases net worth.

A Person's Net Worth Would Increase as a Result Of