Ally Financial [formerly General Motors Acceptance Corporation (GMAC) ]
A) is a wholly owned subsidiary of General Motors.
B) only provides financing to purchasers of automobiles built by General Motors.
C) had its Canadian assets purchase by Royal Bank of Canada in 2013.
D) did not participate in U.S. federal bailout funds during the financial crisis because of their financial strength.
E) is the largest finance company in the U.S.
Correct Answer:
Verified
Q43: During the period from 1977 to 2012,
A)total
Q50: What is the primary function of finance
Q51: Which of the following is NOT an
Q54: This type of finance company competes directly
Q55: In financing their asset growth, finance companies
A)have
Q56: Finance companies charge different rates than do
Q58: Finance companies often prefer to lease equipment
Q60: A company that specializes in making loans
Q66: Which of the following is a major
Q70: Prior to the financial crisis that began
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