Do you think technology helped spread the ideas of the credit spending spree during the 1920s

Q: The financial system must ensure the availability of efficient credit facilities to allow greater…

A: Credit Facilities: Credit facilities are loans that businesses take to run their operations. A…

Q: How does the Federal rate affect mortgage rates?

A: A mortgage is simply a house loan and a mortgage rate is the interest rate on such a loan. Through…

Q: Explain why someone might want to put a “red flag” on their own credit report.

A: A red flag refers to a warning that is put on the credit report if something suspicious, fraudulent,…

Q: why do we need banks and financial institutions

A:

Q: Define the term the Truth in Lending Act?

A: In 1968, the federal enhanced a law known as Truth in Lending Act (TILA) to protect the consumers…

Q: How does Micro Credit differ from money center banks?

A: Introduction Microcredit is a type of microfinance that essentially gives an individual a very…

Q: Name any two quantitative tool to control credit creation in an economy

A: The measures which manipulates the overall volume of the credit flow in an economy are term to be as…

Q: Commercial banks and credit unions can create money and credit. True or False

A: Yes, Commerical banks and credit unions can create money and credit.