Which of the following does not increases your net worth?
A)An increase in your retirement balance
B)An increase in your home value
C)An increase in your mutual funds
D)The purchase of a new car

Question

Quizplus · Accepted Answer

The purchase of a new car does not increase your net worth because cars are assets that depreciate over time, meaning their value decreases. In contrast, options A, B, and C are all investments that increase in value over time, and therefore increase your net worth.

Which of the Following Does Not Increases Your Net Worth