Improvements in a person's financial position are the result of:
A)increased liabilities.
B)reductions in earnings.
C)increased savings and investments.
D)increased purchases on credit.
E)lower amounts deposited in savings.

Question

Quizplus · Accepted Answer

Increased savings and investments lead to an improvement in a person's financial position, as they have more assets and financial security.

Answer: B, D, E are incorrect choices as they all involve negative financial actions, such as reducing earnings or taking on debt. Choice A is also incorrect as increased liabilities lead to a decrease in a person's financial position.

Improvements in a Person's Financial Position Are the Result Of