The Federal Reserve maintains extensive data on finance companies. Go to www.federalreserve.gov/releases, and scroll down until you
Question:
The Federal Reserve maintains extensive data on finance companies. Go to www.federalreserve.gov/releases, and scroll down until you find G.20 Finance Companies.
Click on Releases and find the current release.
a. Review the terms of credit for new car loans. What is the most recent average interest rate, and what is the term to maturity? What is the amount of the average new car loan offered by finance companies?
b. Which type of loan do finance companies make most often: consumer loans, real estate loans, or business loans?
c. Which type of loan has grown most rapidly over the past five years?
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a The most recent average interest rate for new car loans is 40...View the full answer
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