Go to the federal reserve website, http://www.federalreserve.gov. Go to “Economic research and Data,” and access “recent statistical Releases” and the “Consumer Credit.” Find the average interest rates charged by commercial banks on new automobile loans, personal loans and credit card plans.
A. Compare the average level of interest rates among the three types of loans.
Need assignment help for this question?
If you need assistance with writing your essay, we are ready to help you!
Why Choose Us: Cost-efficiency, Plagiarism free, Money Back Guarantee, On-time Delivery, Total Сonfidentiality, 24/7 Support, 100% originality
B. Access “Historical Data” and then “Consumer Credit,” and compare trends in the cost of consumer credit provided by commercial banks over the past three years.