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Social Studies, 21.10.2020 14:01 lowemadison047
1.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? 2.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?
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