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Which of the following statements isare correct 1 net worth

Which of the following statements is/are correct? 1. Net worth represents the personal equity that the individual has in his assets and can never be less than zero. 2. If Lisa purchased a car using 30% cash and 70% debt, her net worth would increase by 30%."

1 only.
2 only.
Both 1 and 2.
Neither 1 nor 2.

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Finance Basics: Which of the following statements isare correct 1 net worth

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