4 to view a documentary about the history of the

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4. To view a documentary about the history of the credit card, go to After viewing the film, answer the following questions: a. What was the significance of the Marquette decision? don't have caps on interest rates b. Why did so many credit card companies start in South Dakota? There were no Usury Laws, Usury deregulation and renewed regulations. c. What are some techniques used by credit card companies to increase profits? One thing they always use is to raise the interest rate, so that they can earn more profit, they like the people have riskier tendency. So that they can
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Econ 350 Winter 2012 Assignment 7 2 default and the interest rate would raise and the credit card company can earn profit. d. Who are deadbeats? people who pays his balance in full every month 5. On January 12, 2012, the FOMC released the transcripts from its 2006 meetings. This was the transition between the Greenspan and Bernanke years, and also right before the economy began to unravel, so the transcripts have made lots of headlines in the past week. To learn a bit about the transcripts, please visit the following sites: New York Times article by Appelbaum: - 2006.html?_r=1&scp=1&sq=fed%20transcripts%202006&st=cse PBS Newshour interview with Appelbaum: FOMC site for transcripts: After reviewing the sites, please answer the following questions: a. What are the three ways in which the FOMC communicates with the public? What is the timing of the releases? Why does the Fed communicate with the public? The Transcript, Public speeches and the minutes.
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