Question: Consumer credit: 20 points; Tab 2 Consumer lending data link (download the data in Excel file use Page 3 Data): https://www.newyorkfed.org/microeconomics/hhdc/background.html Assignment: 1. Calculate annual

Consumer credit: 20 points; Tab 2 Consumer lending data link (download the data in Excel file use Page 3 Data): https://www.newyorkfed.org/microeconomics/hhdc/background.html Assignment: 1. Calculate annual growth rates for each category for the following time periods: Q1 2003 Q1 2007 Q1 2007 Q1 2012 Q4 2011 Q4 2022 Mortgage HE Revolving Auto Loan Credit Card Student Loan Other Total 2. Which of the consumer borrowing categories was growing the fastest and the slowest during this last period? Comment on the reasons why this might be the case (create a text box in Excel and enter your comments into the box)

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