Which of these is an accurate description of a captive sales finance company?
A) A finance company that has very high rates on loans it makes
B) A finance company that must be used by a captive audience, for example, the finance company an auto dealer may recommend to someone purchasing a car
C) A finance company owned by a parent company to help finance the goods sold by the parent company
D) A finance company that sits within a bank holding company
Correct Answer:
Verified
Q25: How did finance companies provide mortgages that
Q26: Which of the following is NOT a
Q27: The Federal Home Loan Bank System supplied
Q28: When the Resolution Trust Corporation sold off
Q29: As the country started to recover from
Q30: Why is accounts receivable financing NOT a
Q31: Who created the first finance companies?
A)Thrifts
B)Retailers
C)Commercial banks
D)Consumer
Q32: Compare and contrast the means and motivations
Q34: Finance companies, one type of nonbank bank,
Q35: Consumer finance companies lend money to people
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