1st attempt Part 1 (0.5 point) Suppose that the federal funds rate is 2%, the prime rate is 5%, and the premium for credit card rates is 9%. That would mean the interest rate on credit cards would be equal to %. Part 2 (0.5 point) See Hint Suppose the Fed increased the federal funds rate from 2% to 3%. Given the discussion in the article, credit card rates would 1%. See Hint