Describe the role of the Bureau of Consumer Financial Protection.
Answer to relevant QuestionsDescribe the differences between a credit card like MasterCard or Visa and a retail ( or proprietary) card. How do credit and retail cards generate revenue? What is the biggest disadvantage of a proprietary card? What is a cash advance? How are they commonly obtained? Discuss interest rates and grace periods with regard to cash advances. Eileen (from question7) wants a car that costs $ 12,000. How long would it have taken Eileen to save for the outright purchase of the car if she did not have any credit card debt and used the interest payments to save for ...Would your advice change if Brad were: a. 45 years old? b. 60 years old? Describe some techniques that car salespeople might use in negotiating the price of the car. What should you be aware of at “no-haggle” dealerships?
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