[Answer] The following table shows the assets and liabilities of the Chang family in 2007 and 2008.20072008home valued at $315 000home valued at $325 000mortgage of $265 000mortgage of $240 000car valued at $10 000car valued at $6 000car loan of $5 000car loan of $1 000savings of $2 000credit card debt of $1 500Based on the table which of the following is true?a.From 2007 to 2008 both assets and liabilities decreased.b.From 2007 to 2008 both assets and liabilities increased.c.From 2007 to 2008 assets decreased and liabilities increased.d.From 2007 to 2008 assets increased and liabilities decreased.

Answer: D

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The following table shows the assets and liabilities of the Chang family in 2007 and 2008.20072008home valued at $315 000home valued at $325 000mortgage of $265 000mortgage of $240 000car valued at $10 000car valued at $6 000car loan of $5 000car loan of $1 000savings of $2 000credit card debt of $1 50...

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