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:

Transitional Expression

Words or phrases that provide a connection between ideas, sentences, and paragraphs.

Prepackaged Foods

Foods that are commercially prepared and packaged for convenience, requiring minimal to no preparation before consumption.

Convenience Foods

Prepackaged or prepared foods that save time in meal preparation, often requiring minimal cooking or no preparation before eating.

Philadelphia

A city in southeastern Pennsylvania, notable for its rich history, including Independence Hall and the Liberty Bell.