(a) Into what broad categories is consumer borrowing normally divided? Which category is most important and Why? ...

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Finance

(a)   Into what broad categories is consumerborrowing normally divided? Which category is most important andWhy?
                     (b)   What is thedifference between CREDIT CARDS and DEBITCARDS?
                     (c)   What advantagedoes a credit card grant its owner? A debit card? What are theprincipal disadvantages of each?
                    (d)   Which sector of theeconomy usually provides the greatest amount of loanable funds forborrowers to draw upon? Does this sector make primarily directloans or indirect loans to borrowers?

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Answera Categories of consumer borrowing Are as following Noninstallment credit This is a simple credit and is provided usually for 30 days the buyer makes payment on or before the expiration of credit period Mostly retailer give this kind of credit to its daily customers whom the shopkeeper knows Installment closed ended credit In this type of credit special See Answer

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