Why Do Australians Borrow Increasingly Heavily

question 54

Multiple Choice

Why do Australians borrow increasingly heavily?

• A) Poor spending habits.
• B) Increasing interest rates on mortgage loans.
• C) Use of credit cards to meet day- to- day expenses.
• D) All of the above.

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Definitions:

Friendship

A personal bond or relationship between individuals characterized by mutual affection, trust, and support.

Transitional Loneliness

The feeling of loneliness and isolation that can occur during significant changes or transitions in a person's life.

Job Opportunity

An opening or vacancy for employment that offers a person the chance to work in a desired field or position.

Friends

Individuals with whom one shares a bond of mutual affection, typically exclusive of sexual or family relations.