What is consumer credit why is consumer credit important to, Macroeconomics

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What is consumer credit why is consumer credit important to

Question: 1. What is consumer credit?

2. Why is consumer credit important to our economy?

3. What is a credit bureau?

4. Define the following key terms:

a. Closed-end credit

b. Open-end credit

c. Line of credit

d. Interest

e. Finance charge

3. What are the major sources of:

a. Inexpensive loans

b. Medium-priced loans

c. Expensive loans.

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