Which of the following is NOT true?
A) The fastest growing area of finance companies in recent years has been in the area of leasing and business loans.
B) Consumer loans represent the largest portion of the loan portfolio of finance companies.
C) Finance companies rely on short-term commercial paper and customer deposits to finance their assets.
D) Finance companies rely on short-term commercial paper and long-term debt to finance their assets.
E) Finance companies are now the largest issuers of commercial paper in the U.S.
Correct Answer:
Verified
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A)making loans to customers that depository
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Q47: The first major consumer finance company which
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