Assignment Question
The following is your assigned project with instructions for the Financial Management project. Among the modules covered, the one identified as Time Value of Money includes research with the Federal Reserve Bank. Go to the section identified as Federal Reserve Board – Consumer Credit – G.19. https://www.federalreserve.gov/releases/g19/current/default.htm The section is titled Federal Reserve Statistical Release and it includes its latest Consumer Credit statistics as of September 2023. Each student will have an assigned year where he/she will analyze the required item for the project. You must perform the following to receive credit: Download the Excel statistical format as instructed in the upper left side of the Federal Reserve report. Present, analyze, and interpret the results obtained for each category assigned for the year. The categories are the following: Total amount outstanding (in billion $) for Consumer Credit Outstanding1 broken down into revolving and nonrevolving. This section is located just underneath the report date: September 2023. Commercial bank interest rates, broken down into: New Car Loans, 60 and 72 months Credit Card Plans, all accounts assessed interest Personal Loans, 24-months Student Loans Outstanding (explain also which type of loans are being considered) Motor Vehicles Loans Outstanding (explain also which type of loans are being considered) The individual years to be analyzed are assigned to the following students: Observation: years are given in pairs so you are able to compare one year against the prior one. 2019 -2020 Projects must be uploaded by December 10, 2023. They are to be presented as formal reports with one individual Cover Page, one Title Page, one individual Introduction page, a minimum of four full pages of Body Work, an individual Conclusion page, and the Federal Reserve reference page. All projects will be written following APA style rules of writing.
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