post - assessment\nquestion 3 of 5\nwhich of the following is an example of unnecessary debt?\nusing a…
post - assessment\nquestion 3 of 5\nwhich of the following is an example of unnecessary debt?\nusing a mortgage to purchase a home\npaying for education with student loans\nusing a car loan to buy a used car\npaying for entertainment with a credit card
Answer
Brief Explanations:
Housing, education, and transportation are often considered essential needs, and taking on debt for them can be a long - term investment. Entertainment, on the other hand, is a non - essential expense. Paying for it with credit card debt is unnecessary as it is not crucial for basic living or long - term well - being.
Answer:
Paying for entertainment with a credit card