10
QuizMultiple Choice

Personal Net Worth — Quiz

Question 10 • Advanced Financial Algebra

What is one way Anisha could reduce her liabilities?

Answer
A
increase her credit card spending to earn rewards points and benefits
B
take out a new car loan to pay off her current car loan balance
C
lease a luxury car to lower her monthly car loan payments
D
use her income to negotiate a lower interest rate on her credit card

Explanation

Liabilities are debts Anisha owes. Negotiating a lower credit-card interest rate can reduce the cost of carrying that debt and help her pay it down more effectively. Increasing spending or taking on another loan or lease would not reduce her liabilities.

AI-written and checked against the verified answer.

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