Which of the following statements is NOT true of consumer finance companies?
A) Their borrowers have higher default risk than bank customers.
B) They charge higher interest rates than banks do on similar loans.
C) They lend primarily to consumers.
D) They are strictly regulated by state governments.
Correct Answer:
Verified
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A)issue stock and use the proceeds
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A)charges a commission for purchases
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A)the majority of
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A)involves selling stocks and using the proceeds
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A)purchase accounts receivable of small
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A)money
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