Sales finance companies commonly purchase the retail installment contracts of businesses that sell big-ticket items such as automobiles,furniture,and appliances.
Correct Answer:
Verified
Q27: Commercial banks are generally more selective in
Q28: The primary type of loan made by
Q29: When the market interest rate goes up,the
Q30: Credit unions grant loans only to members
Q31: S&L associations are not allowed to make
Q33: Student loans are dischargeable in Chapter 7
Q34: Installment loans are typically repaid in one
Q35: Earnings on 529 college savings plans can
Q36: The repayment period on most installment loans
Q37: Savings and loan associations dominate the consumer
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents