Question: The commonly accepted, most important difference between good debt and bad debt is that... Debt is never good. Good debt helps generate value and increase

The commonly accepted, most important difference between "good debt" and "bad debt" is that... Debt is never good. Good debt helps generate value and increase wealth. Good debt comes with longer loan maturities. Good debt features financing costs that are lower than interest rates that can be earned through savings accounts at banks
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
