what type of debt has the highest consumer debt balance?\na. credit card debt\nb. educational loans\nc. auto…
what type of debt has the highest consumer debt balance?\na. credit card debt\nb. educational loans\nc. auto loans\nd. home mortgage debt
Answer
Brief Explanations:
Home mortgage debts are typically much larger in amount compared to credit - card debts, educational loans, and auto loans due to the high cost of real estate.
Answer:
D. Home mortgage debt