**Question: Which is most likely to represent revolving debt?**- ○ You took out $150k in loans to go to law school- ○ You have a personal business line of credit for a small online business you started- ○ You own an investment property in Tampa, FL and buy another one with 20% down- ○ A mortgage on your primary home in NYC**Explanation:** The question is designed to help learners understand the concept of revolving debt, wherein a borrower has an open-ended loan with a credit limit they can borrow against repeatedly, as long as they make regular payments. The options provided focus on different types of borrowing.

Which is most likely to represent revolving debt? You took out $150k in loans to go to law school You have a personal business line of credit for a small online business you You own an investment property in Tampa, FL and buy another one with 20 A mortgage on your primary home in NYC

Which is most likely to represent revolving debt? You took out $150k in loans to go to law school You have a personal business line of credit for a small online business you You own an investment property in Tampa, FL and buy another one with 20 A mortgage on your primary home in NYC

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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