Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
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Chapter 4, Problem 6SCQ

If a usury law limits interest rates to no more than 35 % , what would the likely impact be on the amount of loans made and interest rates paid?

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Sometimes, lenders allow or require a downpayment before they extend you the loan. What would be the advantage to the lender? What would be the advantage to the borrower?
Bob and Karen are both applying for a consumer loan. They both have the same current level of income and the same current level of debt. Why might Karen be more likely to get the loan if Karen is younger?
Due to high price levels do you believe employers are paying higher wages? Are low-income consumers likely to be dependent on new credit cards and/or credit increases?

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