terryayrion1998 terryayrion1998

09-03-2017
Business

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An example of an asset-producing debt is a _____.

Select the best answer from the choices provided.
major credit card
car loan
real estate loan
retail credit card
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taskmasters taskmasters

23-03-2017

An example of an asset-producing debt is a REAL ESTATE LOAN.

Real Estate Loan is a loan used for the buying of a real estate property. It is an asset-producing debt because the debt was incurred to buy an asset that will generate future income for the owner.

Real estate refers to buildings or houses one buy with the intent of selling it for a profit or renting it out to generate passive income.

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