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Betsy has the following transactions: She purchases $7,000 worth of a mutual fund with cash from her savings account. She spends $5,000 on a vacation

Betsy has the following transactions: She purchases $7,000 worth of a mutual fund with cash from her savings account. She spends $5,000 on a vacation with cash from her money market account She spends $10,000 on new furniture, and uses her credit card to make the purchase. What is the combined impact of these transactions on her net worth?

Selected Answer:

$21,000 decrease

Answers:

$21,000 decrease

$6,000 decrease

$15,000 increase

$6,000 increase

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