I believe that would be Personal Credit. Your contract is written between you and the store or chain. Consumer credit is generally a reference to a national economic measurement.
Answer:
The problem with variable rates is that they vary, i.e., they might unexpectedly increase and the increase might be pretty significant. One of the main factors leading to the Great Recession was the housing bubble and the increase in mortgage interest rates. Normally, interest rates tend to increase, they might sometimes decrease, but generally they only go up and up.
Even though the fixed interest rate might be higher, it will not change and that guarantees that you will always pay the same amount and that you can prepare your personal budget to cover it.
United States
The United States is said to have a pure market economy since price, production and labor are decided by the companies, consumers and workers without the influence or aid from the government. Thus, companies can decide on prices that the consumers are willing to pay while workers can demand on wages that companies are willing to give for their services.
Answer:
For A. and B see attached files
Explanation:
