LizzbethGonzalezz LizzbethGonzalezz

02-04-2020
Social Studies

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What is the difference between helpful and harmful debt? List examples of each. How is insurance a trade-off between risk and cost? Use examples to explain answer

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georgepacheco georgepacheco

02-04-2020

Answer:

Bad:debts with high or variable interest rates, especially when used for discretionary expenses or things that lose value

GOOD:taking out a mortgage, buying things that save you time and money, buying essential items, investing in yourself by borrowing for more education

Explanation:

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