The Credit Cycle is an event that occurs with the amount of money to be loaned to creditors. It is the availability of money to be borrowed. It increases and decreases through the cycle. Economic growth and economic slowdown. The more money people have to spend, the higher the demand. Soon the supply of money outweighs the demand. The more demand for money, the higher the interest rates. When interest rates get too high, people stop borrowing.
Price Seeker - Borrowers can influence the terms of the loan.
Price Taker - Borrowers can not negotiate terms of a loan.
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