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  • Card 6 / 10:
    Imagine that you are in the position of buying loans in the secondary market (that is, buying the right to collect the payments on loans made by banks) for a bank or other financial services company. Explain why you would be willing to pay more or less for a given loan if:

    The borrower has been late on a number of loan paymentsInterest rates in the economy as a whole have risen since the loan was madeThe borrower is a firm that has just declared a high level of profitsInterest rates in the economy as a whole have fallen since the loan was made

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Source:  OpenStax, Macroeconomics. OpenStax CNX. Jun 16, 2014 Download for free at http://legacy.cnx.org/content/col11626/1.10
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