2. The Federal Reserve maintains extensive data on finance companies. Go to www.federalreserve.gov/releases and scroll down until you find G.20 Finance Companies.

Click on “Releases” and find the current release.

a. Review the terms of credit for new car loans. What is the most recent average interest rate and what is the term to maturity? How much is the average new car loan offered by finance companies?

b. Do finance companies make more consumer loans, real estate loans, or business loans?

c. Which type of loan has grown most rapidly over the last 5 years?