1. One of the problems with loans made via traditional relationship banking is bias. When people make the loans, their individual biases can cause them to give fewer loans to women and minorities. a. How do loans made by fintechs (where machines make decisions instead of people) compare to relationship banking, along this dimension? Are loans by fintechs: (a) immune from such baises, (b) less sensitive to but still affected by such biases, (c) equally affected by such biases, or (d) more affected by such biases. b. Please explain your answer in part a. 4-5 sentences. 2. What are two things we can conclude from this graph, which shows Lending Club rates over time: AVERAGE INTEREST RATE Term 36 60 All Grade ABCDEFGAN 30% 20% 10% 2011 2012 2013 2014 2015 2016 2017 2018 a. First thing we can conclude: b. Second thing we can conclude: 1. One of the problems with loans made via traditional relationship banking is bias. When people make the loans, their individual biases can cause them to give fewer loans to women and minorities. a. How do loans made by fintechs (where machines make decisions instead of people) compare to relationship banking, along this dimension? Are loans by fintechs: (a) immune from such baises, (b) less sensitive to but still affected by such biases, (c) equally affected by such biases, or (d) more affected by such biases. b. Please explain your answer in part a. 4-5 sentences. 2. What are two things we can conclude from this graph, which shows Lending Club rates over time: AVERAGE INTEREST RATE Term 36 60 All Grade ABCDEFGAN 30% 20% 10% 2011 2012 2013 2014 2015 2016 2017 2018 a. First thing we can conclude: b. Second thing we can conclude