Finance companies are NOT ADIs in that:
A) they do not accept deposits from the public to obtain funds.
B) they are not supervised by APRA.
C) they make loans to consumers and businesses.
D) they carry shareholders' equity.
Correct Answer:
Verified
Q27: Which of the following statements is NOT
Q28: Captive sales finance companies are finance companies
Q29: Which of the following statements is NOT
Q30: Which of the following statements is NOT
Q31: The CUFSS:
A)is the regulator of credit unions.
B)is
Q33: Which of the following statements is NOT
Q34: The major class of assets for building
Q35: When interest rates increase the building societies
Q36: Credit union capital predominantly consists of:
A)retained profits.
B)reserves.
C)ordinary
Q37: Finance companies obtain most of their funds
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