Bad Math?

August 18, 2017

How can banks get away with advertising a “low” rate on a credit card of, say, 14.99%, while offering a “high” rate on a five-year certificate of deposit of 2.5%? Can they simply say whatever they want?

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1 Comment

    • Observapedia
      Reply Cancel Reply
    • August 20, 2017

    Since they own the system, that is basically correct.

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