True or False: Borrowing money and repaying debt results in changes in Net Worth.

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True

False

Question $7$

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Richard has savings of $$7,000$ in his bank account and an apartment worth $$100,000.$ He has student debt of $$40,000.$ What is his net worth?

Select one:

a$.$ $$67,000$

b$.$ $$60,000$

c$.$ $$93,000$

d$.$ $$107,000$