finance discussion 47

1. Go to the Federal Reserve website, http://www.federalreserve.gov. Go to “Economic Research and Data,” and access “Consumer Credit.” Find interest rates charged by commercial banks on new automobile loans, personal loans, and credit card plans.

a. Compare the current or recent level of interest rates among the three types of loans.

b. Compare trends in the cost of consumer credit provided by commercial banks over the past three years.

 

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