Your net worth will not be increased by which of the following actions?
A)Increasing your savings from 10% to 15% of your earnings
B)A $100 birthday present from your grandmother
C)Buying a new stereo system and putting the entire amount on your credit card
D)Receiving an inheritance

Question

Quizplus · Accepted Answer

Buying a new stereo system with credit card will increase your debt and decrease your net worth, while increasing savings and receiving an inheritance will increase your net worth. The birthday present might increase your net worth slightly, but not significantly enough to choose it as the best answer.

Your Net Worth Will Not Be Increased by Which of the Following