6-39 A company that specializes in making loans to the customers of a particular retailer or manufacturer would best be categorized as a
A) sales finance institution.
B) personal credit institution.
C) business credit institution.
D) lease finance company.
E) factoring company.
Correct Answer:
Verified
Q17: 6-8 Sales finance institutions compete directly with
Q18: 6-10 The parent institution provides all of
Q19: 6-16 When a finance company pools mortgages
Q20: 6-9 Finance companies generally charge lower interest
Q21: 6-34 Finance companies have enjoyed very high
Q23: 6-30 Finance companies have traditionally been subject
Q24: 6-24 Finance companies have relied primarily on
Q25: 6-23 Finance companies prefer to lease equipment
Q26: 6-27 As the economic expansion continued through
Q27: 6-40 Factoring involves
A)making loans to customers that
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