The following table gives information concerning finance rates (in percent) for consumer installment loans from 1990 to

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The following table gives information concerning finance rates (in percent) for consumer installment loans from 1990 to 1996:
The following table gives information concerning finance rates (in percent)

a. Using 1990 as the base year, construct an aggregate index of finance rates charged by commercial banks.
b. Using 1993 as the base year, construct an aggregate index of finance rates charged by finance companies for automobile loans.
c. Suppose that in 1990 commercial banks extended $50 billion worth of new automobile loans, $125 billion worth of other consumer loans, and $225 billion worth of credit card loans. Construct a Laspeyres index of finance rates charged by commercial banks.
d. Suppose that the amounts of credit extended for automobile loans by finance companies from 1990 to 1996 are as follows:

The following table gives information concerning finance rates (in percent)

Construct a Paasche index of finance rates charged by finance companies for auto loans.

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Business Statistics In Practice

ISBN: 9780073401836

6th Edition

Authors: Bruce Bowerman, Richard O'Connell

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