Go to the Federal Reserve Web site,http://www.federalreserve.gov. Click on theConsumer Information tab, and research consumer credit in the various hyperlinks. Find average interest rates charged by commercial banks on new automobile loans, personalloans, and credit card plans.
a. Compare the average level of interest rates among the three types of loans (and also please attached the images of the level of interast rates.)
.b. Click on the Economic Research & Data tab, click on the “Statistics: Releases andHistorical Data” hyperlink and then “Consumer Credit,” and compare trends in the costof consumer credit provided by commercial banks over the past three years (please also attached images).