Explain this reason behind huge difference in interest rates, Financial Accounting

+44 141 628 6080
[email protected]

Explain this reason behind huge difference in interest rates

Problem

Average credit card interest rates (APR) is about 17%, while the mortgage interest rates and car loan interest rates are below 4%. Explain this reason behind this huge difference in interest rates between credit cards and mortgages/car loans!

Request for Solution File

Ask an Expert for Answer!!

Financial Accounting: Explain this reason behind huge difference in interest rates

Reference No:- TGS03239567

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Asked Questions

What steps reduce dlg requirement for external finance

Which two of the following steps will reduce DLG's requirement for external finance? Solution A. Offering longer credit terms to customers.

Walden discloses that it uses a balanced scorecard

: Walden Tire Store is a chain of tire and auto accessory retail stores. Required: Walden discloses that it uses a balanced scorecard with seven performance

What combinations results does not result in same amount

Which of the following combinations results does not result in the same amount of net income reported on the income statement?

What was the most important feature of the original base

Question: Which of the following was the most important feature of the original Basel I capital regulation introduced in 1988?

What is the cost of financing the trade receivables balance

What is the cost of financing the trade receivables balance? Give your answer to the nearest whole dollar. Do not include symbols, commas or letters in response

Calculate the increase in rcd cost of financing trade

Calculate the increase in RCD's cost of financing trade receivables between 20X1 and 20X2. Give you answer to the nearest whole R$.

Expense and liability in the financial statements

ACY operates in the tax jurisdiction of A-land where the currency is the A$. The current year's accounting profit is A$970,000 and the current year's

Request for Solution File

Ask an Expert for Answer!!

Financial Accounting: Explain this reason behind huge difference in interest rates

Reference No:- TGS03239567

Have a Question? (oR Write a Review)

Recent Questions Asked Financial Accounting

Q : What is the apy on the credit card

Q : What is monthly payment she should make in order to pay off

Q : Provide argument for or against political violence

Q : Identify two theories that inform fiscal management

Q : Explain this reason behind huge difference in interest rates

Q : How much total interest will he pay

Q : By what means of membrane transport

Q : Calculate olympics annual effective cost of borrowing

Q : How does the shape of an object affect the grip used