The first form of consumer credit that existed before the post-war era.
What is consumer credit extended by retail businesses
100
The broad market for companies looking to raise funds through debt
What is the credit market
100
Usury law
What is a law banning excessively high interest rates on borrowed money?
100
The largest credit card issuer in South Korea
What is LG Card
200
The name of the first credit card to be offered.
What is Diners Club Card
200
$157 trillion
What is the size of the credit market
200
Name one point from the Credit CARD Act of 2009
What is a "Grace period on interest rate increase", "Student Card", or "Notification Requirement"?
200
Why is Bank of America being sued in Chicago, IL?
Because of predatory lending practices where they offered credit on unfair terms in specific geographic areas based on race, ethnicity, or income.
300
The first two banks to offer their own credit cards.
What is Chase Manhattan & Bank of America
300
A security designed to transfer the credit exposure of fixed income products
What is a CDS
300
A significant event occurred in 1979 relating to the Credit Market
What is Marquette National Bank of Minneapolis vs. First of Omaha Service Corp, or the Supreme court case ruling that reversed usury laws and set the stage for unregulated interest rates
300
How much collective debt did South Koreans owe in 2003 because of the credit market?
What is $100 billion
400
The attitude change towards purchasing that occurred in America during the post-war period
What is buy first, save later
400
The degree to which an asset or security can be sold in the market without affecting its asset's price
What is liquidity
400
Describe the outcome of Smiley v. Citibank
What is increasing late fees across the board to a max of $39?
400
In 2003, on average how many credit cards did a South Korean own?
What is 4 credit cards
500
The definition of a revolving balance
What is when a minimum payment is required, bankruptcies are written off the balance sheet, and the bank could use its existing deposit base to replenish capital
500
A term that describes an economic system or process that attempts to reduce all value that is exchanged into a financial instrument
What is financialization
500
Name the George Mason Law professor and author that recently opposed Elizabeth Warren on regulatory responses
Who is Todd Zywicki
500
Two different options that South Korean credit companies offered debt-ridden customers
What is higher interest rates, and extended maturities