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.