Identify the correct sequence of events leading up to credit problems that affected the economy:

Consumers became unable to pay back loans.

the economy grew.

banks loosened their criteria for approving loans and credit.

spending halted, and the economy experienced a recession.

consumers spent more.

businesses were left without payment on purchases they’d financed.

You are attending college in the fall and you need to purchase a computer. you must finance the purchase because your parents will not purchase it for you, and you do not have the cash on hand to purchase it. in blank #1 determine which type of credit would you use to finance your purchase (installment, non-installment, or revolving credit). (2 points) in blank #2 defend your credit choice by explaining why your financing option is the best option for you. (2 points) in blank #3 explain why you selected that credit option over the other two options available. (2 points)