_______________ are for profit organizations that exist primarily to provide customers with consumer credit, including the financing of automobiles and the purchase of durable goods.

Question

Quizplus · Accepted Answer

Sales finance companies exist primarily to provide customers with consumer credit, including the financing of automobiles and the purchase of durable goods. Commercial banks provide a range of banking services, including consumer credit, but that is not their primary focus. Savings banks are similar to commercial banks but are typically smaller and have a focus on savings accounts and home mortgages. Brokerage firms are primarily involved in buying and selling securities on behalf of their clients.

_______________ Are for Profit Organizations That Exist Primarily to Provide