8
QuizMultiple Choice

Personal Net Worth — Quiz

Question 8 • Advanced Financial Algebra

How can Anisha improve her net worth in the long term?

Answer
A
take out another credit card to increase her available credit
B
use her savings to buy more luxury items
C
use her income to make extra payments on her student loans
D
increase her credit card spending to improve her credit score

Explanation

Net worth is what Anisha owns minus what she owes. Making extra payments on her student loans reduces her debt, which can improve her net worth over time. Taking on more credit or spending more on luxury items can increase debt or reduce savings instead.

AI-written and checked against the verified answer.

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