Question

Which of these is the BEST example of debt?

A) A person buys a new car.
B) A person pays interest on a mortgage.
C) A person deposits a paycheck into a savings account.
D) A person withdraws money from a bank account using an ATM card.

Answer 1

B

Step-by-step explanation:

An example of debt is when a person pays interest on a mortgage. Debt is a financial obligation to repay a loan, while credit is the amount a borrower may use. Remember, too, that even though most people pay for cars in installments, many do pay cash for the entire value of the automobile and do not go into debt in the process.

Answer 2

The answer is B
hope this helps