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Debt Pros and Cons: When Borrowing Makes Sense and When It Doesn't
Question 1 of 7
Multiple choice
What distinguishes 'productive debt' from 'destructive debt'?
Productive debt has a lower interest rate in all cases
Productive debt finances something that builds future economic value; destructive debt finances consumption with no lasting economic return
Productive debt is always offered by banks; destructive debt comes from credit cards
Any debt under $10,000 is productive; above $10,000 is destructive
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