The interest rates charged on outstanding credit card balances are generally higher than the interest rate that
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The interest rates charged on outstanding credit card balances are generally higher than the interest rate that banks charge customers with a good credit rating. Why do you think the credit card rate is so high? Should the government impose an interest rate ceiling of, say, 10 percent? If it did, who would be hurt and who would be helped? Discuss.
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Credit card interest rates are typically higher than other loan interest rates for several reasons Unsecured Nature of Credit Cards Credit cards are u...View the full answer
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Related Book For 
Microeconomics Private And Public Choice
ISBN: 9780357134016
17th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
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