This type of finance company competes directly with depository institutions for consumer loans because they can frequently process loans faster and more conveniently.
A) Sales finance institution.
B) Personal credit institution.
C) Business credit institution.
D) Lease finance company.
E) Factoring company.
Correct Answer:
Verified
Q51: Finance companies operate more like nonfinancial, nonregulated
Q52: Which of the following is NOT true?
A)The
Q53: Many large finance companies offer all the
Q54: As an industry, finance companies have escaped
Q55: The FDIC allows its member banks to
Q57: Which of the following is NOT a
Q58: Loans that let customers borrow on a
Q59: A company that specializes in making installment
Q60: A company that specializes in making loans
Q61: Finance companies that prey on desperate higher-risk
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