Multiple Choice
After a review of your friend's current financial situation you discover she is carrying a $4500 credit card balance with an APR of 22%. What is the best advice you can give to your friend?
A) eliminate using her credit card for non-essential purchases
B) switch credit card companies, since many companies offer benefits like frequent flyer 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
Correct Answer:
Verified
Correct Answer:
Verified
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