How Might Consumers for Whom the Borrowing Constraint Is Binding

question 86

Essay

How might consumers for whom the borrowing constraint is binding benefit from access to relatively expensive forms of credit (e.g. ,pawn shops and "payday" loans)?

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Definitions:

Digestive

Pertaining to digestion.

Preicteric

Referring to the initial phase of a disease, particularly liver disease, that occurs before the onset of jaundice, where the skin turns yellow.

Jaundice

A medical condition characterized by yellowing of the skin and the whites of the eyes caused by an increase in bilirubin in the bloodstream.

Integumentary

The skin; a covering.