Your friend Leanna is proud of her ability to have and use credit. She buys lunch every

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Your friend Leanna is proud of her ability to have and use credit. She buys lunch every day on credit, and at the end of the month she pays only the minimum balance due. When she reaches the limit on one credit card, she switches to another credit card. She thinks she can just go on charging forever. Do you see any problems with Leanna’s actions? Explain your answer.

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Managing Your Personal Finances

ISBN: 9781305076815

7th Edition

Authors: Joan S. Ryan, Christie Ryan

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