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Which of the following increases liabilities but not assets?

a.

Taking out a loan to buy a new car

b.

Taking out a loan to go on vacation

c.

Using a credit card to buy a computer

d.

Paying off a student loan

Verified Answer :

ibrahimqureshi

I think the most approximate answer would be B. As this would increase his/her liabilities but totally NOT assets. The best way, is that you should manage to have more assets than liabilities, in order to go and enjoy your vacation.




I hope you helped you!

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