Question
Ted and Tiffany are meeting Mitch and Amber at the Green Turtle Club later in the evening. Wanting to set some limits on what could
Ted and Tiffany are meeting Mitch and Amber at the Green Turtle Club later in the evening. Wanting to set some limits on what could be an expensiveevening, Ted stops at the ATM and uses his credit card to get a cash advance. When the
two couples meet fordinner, Tiffany tells Amber that she is going to splurge and get lobster because Ted is rolling in cash. Mitch overhears this and begins to laugh at Ted for making such a financial blunder. Ted argues that Mitch is blind
to the convenience and control offered by cashadvances, as research shows that people tend to spend more when using credit cards. What are the possible consequences of Tiffany learning ofTed's credit carddebt?
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