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What would happen to your net worth if you sold an asset you owned for $1,000 and used the money to pay off your credit
What would happen to your net worth if you sold an asset you owned for $1,000 and used the money to pay off your credit card balance for $1,000? A) Since your liabilities decreased, your net worth would increase by $1,000. B) Since your assets decreased, your net worth would decrease by $1,000. C) Your net worth would increase by $500. D) Your net worth would remain the same.
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