Question

Which of the following list the elements of private debt from smallest to largest? Group of...

Which of the following list the elements of private debt from smallest to largest?

Group of answer choices

other loans and credit, consumer credit, home mortgages

consumer credit, home mortgages, other loans and credit

home mortgages, other loans and credit, consumer credit

home mortgages, consumer credit, other loans and credit

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Answer #1

The list of elements of private debt from smallest to largest as belows

Other Loans and credit, Consumer Credit, Home mortgages

Were other loans and credit resembles the unsecured creditors

Consumer credit is the credit given to customers

Home mortgages generally involves high amount of money, hence they are largest.

Hence first option is the correct answer.

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