Can you provide detailed research with case studies where possible on the following: (a) Evidence suggests many
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Question:
Can you provide detailed research with case studies where possible on the following:
(a) Evidence suggests many consumers do not compare offers when acquiring retail financial products, such as loans, mortgages and credit cards. Discuss some factors that contribute to this lack of product comparison. (b) Is the effect of compound interest well understood? What are some implications of how people understand compound interest for levels of saving and borrowing?
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