what type of debt has the highest consumer debt balance? a. home mortgage debt b. educational loans c…

what type of debt has the highest consumer debt balance? a. home mortgage debt b. educational loans c. credit card debt d. auto loans

what type of debt has the highest consumer debt balance? a. home mortgage debt b. educational loans c. credit card debt d. auto loans

Answer

Brief Explanations:

Home mortgage debt typically involves large - value transactions for property purchases, often resulting in the highest consumer debt balances compared to educational loans, credit card debt, and auto loans.

Answer:

A. Home mortgage debt