Payday lenders are finance companies that:
A) finance goods sold by their parent companies.
B) operate a credit plan under a retailer's name.
C) offer very short-term loans at very high interest rates.
D) target individuals with excessive levels of personal debt or those with several different loans.
Correct Answer:
Verified
Q36: Credit union capital predominantly consists of:
A)retained profits.
B)reserves.
C)ordinary
Q37: Finance companies obtain most of their funds
Q38: The major assets of building societies are:
A)mortgage-backed
Q39: Credit unions:
A)are not subject to capital regulation.
B)can
Q40: Which of the following statements is NOT
Q42: Factoring is the purchase by:
A)a finance company
Q43: A revolving credit secured with a second
Q44: Floor-plan financing is:
A)residential financing for building new
Q45: In floor-plan financing:
A)the finance company pays the
Q46: The major portion of finance companies' liabilities
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