Economics. Would You Borrow from an Online Peer-to-Peer Lender?

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  • 03 Apr, 2021
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Economics. Would You Borrow from an Online Peer-to-Peer Lender?

Instructions
What is peer-to-peer lending and why might some people use it?
Explain why banks may prefer to lend to “prime” borrowers. Give some specific reasons.
Explain why a bank may charge a higher interest rate to subprime borrowers.
What do you think? Do higher interest rates for subprime loans exploit borrowers? Explain your position.
What is the “sharing economy” and how can it affect the economy?

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