Author Question: Private income and wealth completely determine how many goods and services one consumes. Indicate ... (Read 175 times)

bobbie · **on:** Jul 1, 2018

Private income and wealth completely determine how many goods and services one consumes.

Indicate whether the statement is true or false

Question 2

Credit histories allow firms to

A) identify high-risk borrowers, so they can be eliminated and interest rates kept down for others.
B) increase the number of credit cards issued, and interest rates go up as a result.
C) increase the number of credit cards issued, and interest rates go down as a result.
D) lower the number of credit cards issued, and interest rates go up as a result.
E) increase market power in the credit card industry, raising interest rates.