Go to a website of your local bank or credit union and find the interest rates that
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Go to a website of your local bank or credit union and find the interest rates that the bank is charging for car loans, personal loans, and home equity loans. Compare these interest rates to the federal funds rate (1.56 percent as of November 2019).
a. Briefly explain why the interest rates the bank is charging differ depending on the type of loan.
b. Briefly explain why the interest rates the bank is charging differ from the federal funds rate.
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