Seudónimo Seudónimo

21-10-2020
Social Studies

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1. You want to buy a car. You could take the bus (it’s cheaper) but you really want a car. You take out a loan to buy it. Is this good debt, bad debt or ugly debt? Why?

2. You want to buy a car so you can get a job as a delivery person. You take out a loan to buy it. Is this good debt, bad debt or ugly debt? Why?

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JJack11 JJack11

21-10-2020

Answer:

1.) Bad debt, taking out a loan to buy something that's deprecating to your funds, responsibilities of being a car owner.

2.)Good debt, taking out a loan as an investment in the hopes of creating wealth with the job.

Explanation:

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