What does it mean for the federal income tax system to be a pay-as-you-earn system? Joan wants to get a $1,000 loan from her local bank. She finds out that the current interest rate is 17%. If Joan came to you for advice, would you tell her to get the bank loan or to no get the bank loan? Include a reason for your answer in your response to Joan Joan wants to get a $1,000 loan from her local bank. She finds out that the current interest rate is 17%. If Joan came to you for advice, would you tell her to get the bank loan or to no get the bank loan? Include a reason for your answer in your response to Joan. Compare and contrast inflation and recession. How do inflation and recession influence your financial decisions?