pre - assessment\nquestion 1 of 5\nwhich is an example of \good debt\?\ngetting an advance on your…
pre - assessment\nquestion 1 of 5\nwhich is an example of \good debt\?\ngetting an advance on your paycheck\ntaking out a loan for a new car\npurchasing clothes on a store credit card\nbuying stocks through a program at work
Answer
Brief Explanations:
Good debt is an obligation that is taken on to purchase an asset that will appreciate in value or generate income over time. Buying stocks can potentially increase in value and generate returns, which is a form of good debt. Paycheck advances, car loans, and store - credit card purchases for clothes are not assets that typically appreciate in value or generate income in the long - term.
Answer:
Buying stocks through a program at work