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Frederick Likes to Go Out to Eat with His Friends

Question 52

Multiple Choice

Frederick likes to go out to eat with his friends during the week even when he doesn't have the money for it.He often uses his credit cards to pay for lunches even though he really can't afford it.He also opens new cards to transfer balances.This will lead to excessive debt due to:


A) credit spending
B) crisis spending
C) compulsive spending
D) comparative spending

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