Taylor has the following assets and liabilities:Two cars$15,000House$400,000Mortgage$300,000Cash$1,000Car loans$5,000Checking account balance$3,000Credit card balance$3,000 Suppose that Taylor receives a $10,000 bonus from her employer. If she puts that money toward her mortgage, her wealth would ________; if she puts that money in her checking account, her wealth would ________.

A. increase to $115,000; increase to $115,000
B. increase to $121,000; increase to $121,000
C. increase to $121,000; decrease to $101,000
D. increase to $115,000; decrease to $95,000


Answer: B

Economics

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Economics