Consumer Credit Counseling Services Are Basically Concerned with

question 4

Multiple Choice

Consumer credit counseling services are basically concerned with

• A)lending the money to destitute people.
• B)giving debtors food and shelter.
• C)helping destitute debtors to relocate in less expensive areas.
• D)preventing and solving the problems related to credit overextension.
• E)getting you more credit

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Definitions:

Discount Rate

The interest rate charged to commercial banks and other depository institutions for loans received from the Federal Reserve's discount window.

Minting Coins

The process of manufacturing coins as a form of currency, typically by a government or authorized agency.

Interest Payments

Cash outflows from borrowers to lenders as compensation for the use of borrowed money.

Expansionary Policy

is a macroeconomic policy that aims to increase economic growth or reduce unemployment by increasing government spending, decreasing taxes, or both.