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

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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!

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

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

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