In floor-plan financing:
A) the finance company pays the manufacturer when the goods are delivered to the dealer.
B) the manufacturer holds a lien on the goods that have been financed.
C) the dealer pays the finance company when the goods are delivered by the manufacturer.
D) the dealer holds a lien on the goods that have been financed.
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
Q43: A revolving credit secured with a second
Q44: Floor-plan financing is:
A)residential financing for building new
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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