Which of the bilowing best describes bood debr? 1. Good cebt is bambarg money for any personal desire or know 2. Govd debt a borrowing more without considering is the interest room 3. Good dola is borrowing money for an investment that should pros money than the amount borrowed including interest a. Good ceblis borsowing money for showerm pleases.

##Step 1: Definition of Good Debt<br />###Good debt refers to borrowing money to invest in something that will likely generate a return greater than the cost of the debt (including interest). This means the borrowed funds are used to create an asset or enhance earning potential.<br />##Step 2: Analyzing the Options<br />###Option 1 is incorrect as borrowing for any personal desire doesn't guarantee a return and can lead to bad debt. Option 2 is incorrect as it describes irresponsible borrowing. Option 4 is incorrect as it focuses on short-term gratification rather than long-term financial gain. Option 3 accurately describes good debt as borrowing for investments that generate profit exceeding the borrowing cost.<br /><br />#