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After a Review of Your Friend's Current Financial Situation, You

Question 9

Multiple Choice

After a review of your friend's current financial situation, you discovered she was carrying a $4,500 credit card balance with an APR of 12%. The best advice you can give to your friend is to:


A) eliminate using her debit card for nonessential purchases.
B) switch credit card companies, since many companies offer benefits like frequent­flier miles.
C) keep using the card and not to worry about the balance, since all interest is tax deductible.
D) place a high priority on eliminating her credit card balance.

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