Bank Competition
» Bank Competition, Volume 5, Issue 8, 2005
If respondent changed principal financial institutions in the last three years.
Was a reason for changing to a new institution that:?
4bD. (reason for change) It offered better loan terms or interest rates.
Response | ||||
---|---|---|---|---|
1 | Yes | 53 | ||
2 | No | 41 | ||
3 | DK/Refuse | 6 | ||
Total (%) | 100 | |||
N | 70 |
Notes: Fifty-three (53) percent of small employers who changed principal financial institutions in the last three years report that the new institution offered better loan terms or interest rates (Q#4bD).