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PH6010 Module 3 Assignment 1 Hypertension
Consumer debt is different today from in the past in terms of currency that was used. In the past, there was a constant exchange of goods. In the 2008 financial crisis, the Fed has made monthly bond purchases to keep rates particularly low and support consumer spending and borrowing (Moore, 2003). With the economy on the mend, the Fed is now slowly pulling back on those purchases. While today you will have to use interest rates and percentages.When it comes to personal finances in 2017, it may be your best interest to take advantage of all the low interest rates and get out of debt before it really starts costing you. Since the so called prime rate (the rate at which banks lend to their best customers) has stayed at 3.25% since 2008 and isn’t expected to move higher in 2017. As a result, borrowers will continue to enjoy lower rates on student loans, car loans and credit cards, among other short-term loans. What is Interest rate? An interest rate is the rate at which interest is paid by a borro
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