Which of the following is not a type of Long-Term Debt?
A)Car loans
B)Credit card debt
C)Student Loans
D)Home Loans

Question

Quizplus · Accepted Answer

Car loans, student loans, and home loans are all examples of long-term debt because they are typically paid back over several years. Credit card debt, on the other hand, is a type of revolving debt that can be paid off in full each month or carried over to the next billing cycle. Therefore, B is not a type of long-term debt.

Which of the Following Is Not a Type of Long-Term