What is the primary function of finance companies?
A) Protect individuals and corporations from adverse events.
B) Make loans to both individuals and corporations.
C) Extend loans to banks and other financial institutions.
D) Pool the financial resources of individuals and companies and invest in diversified portfolios of assets.
Correct Answer:
Verified
Q3: Bad debt expense and administrative costs are
Q39: Sales finance companies do not directly compete
Q43: Which of the following is NOT true?
A)The
Q44: The first major consumer finance company which
Q44: The typical customer of a payday lender
Q46: This type of finance company competes directly
Q47: Finance companies have no significant downturns in
Q48: A company that specializes in making installment
Q49: Which of the following is NOT an
Q57: Which of the following is NOT a
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