A revolving credit secured with a second mortgage is known as:
A) private-label credit.
B) payday loan.
C) bridge loan.
D) home equity loan.
Correct Answer:
Verified
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
Q41: Payday lenders are finance companies that:
A)finance goods
Q42: Factoring is the purchase by:
A)a finance company
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
Q47: A private-label credit plan is a credit
Q64: Investment securities are owned by finance companies
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