Which of the following is NOT true?
A) The finance company industry tends to be very concentrated.
B) Twenty of the largest finance companies account for more than 65% of the industry assets.
C) Many of the largest finance companies tend to be wholly owned or are captive subsidiaries of major manufacturing firms.
D) Finance companies specialize only in consumer loans and do not make business loans.
E) Finance companies often provide captive financing for the purchase of products manufactured by their parent company.
Correct Answer:
Verified
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