The absolute value of debt of $45 is 45 because a balance of $0 on an account means there is no debt, and a negative of 45 value represents the debt.
<h3>What is debt?</h3>
It is defined as the amount one party needs to pay to another party as the first party borrowed an amount that will be credited by the second party. Debt occurs when one party cannot be able to purchase something under normal circumstances.
As we know,
The absolute value of a negative account balance is equal to the amount of debt. A balance of $0 on an account means there is no debt. Credit is shown by a positive account balance.
Richard has a debt of $45.
The negative of 45 value represents the debt.
-$45 = debt
Absolute value = |-45| = 45
Thus, the absolute value of debt of $45 is 45 because a balance of $0 on an account means there is no debt, and a negative of 45 value represents the debt.
Learn more about the debt here:
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