Why is the interest rate on a credit card generally much higher than government bond interest rates
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Question:
A) Credit cards are debt while government bonds are assets
B) All five of the interest rate components apply to credit card debt
C) There is a greater supply of credit cards and a greater demand for government bonds
D) Credit cards are issued in a market different from the market for government bonds
Related Book For
Fundamentals of corporate finance
ISBN: 978-0470876442
2nd Edition
Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates
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