[Answer] Over the period of a year Julie's net worth decreased. Which of the following could be true?a.Julie's assets and liabilities decreased by the same amount.b.Julie's assets and liabilities increased by the same amount.c.Julie's assets increased by more than her liabilities.d.Julie's assets decreased by more than her liabilities.

Answer: D

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Over the period of a year Julie's net worth decreased. Which of the following could be true?a.Julie's assets and liabilities decreased by the same amount.b.Julie's assets and liabilities increased by the same amount.c.Julie's assets increased by more than her liabilities.d.Julie's assets decreased by more than her liabilities. The financial crisis of 2007–2008 also known as the global financial crisis (GFC) was a severe worldwide financial crisis.Excessive risk-taking by banks combined with the bursting of the United States housing bubble caused...

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