Question: Based on the figure, what is a more likely explanation for the historically low rate of late payments across lending types and consumer groups? A)Consumers

Based on the figure, what is a more likely explanation for the historically low rate of late payments across lending types and consumer groups?

A)Consumers were cutting back on their expenditures.

B)Lenders were more lenient in their lending practices.

C)Many consumers have been relying on financial assistance programs.

D)Americans built up extra cash savings during the pandemic.

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