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When giving an unsecured loan,what might a bank require?
Consumer Price Index
A measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care, used to estimate inflation.
Base-Year Prices
Prices from a specific base year used to express the real value of goods and services in order to remove the effects of inflation over time.
Consumer Price Index
A measure that examines the weighted average of prices of a basket of consumer goods and services, used as an indicator of inflation.
Annual Rate
A projection of a rate over a period of one year, often used in the context of interest rates, inflation, or growth rates.
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