Question

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?

Answer 1

Step-by-step explanation:

the answer is c

Answer 2

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.

Step-by-step explanation: