someone help me plz will mark brainliest
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?



3. You love shoes. You open a store credit card and buy $700 worth of new shoes. Then you realise you can’t make the minimum payments, they’re higher than you expected. Is this good debt, bad debt or ugly debt? Why?

4. You want a pony. You have always wanted a pony. You can buy a pony for $1000. You don’t have $1000 right now, but you can get a credit card to buy the pony with. Is this good debt, bad debt, or ugly debt? Why?




5. Ok, you want a pony, and it will cost you $1000. You don’t have $1000 right now, but you do have a business plan to giving pony rides to the kids in the neighbourhood, and your bank might lend you $1000 to start a business if you have a good plan. Is this a good debt, bad debt or ugly debt? Why?