6-52 A finance company may be classified as a subprime lender if it
A) charges interest rates below those charged by commercial banks.
B) lends to low-risk customers.
C) lends to high-risk customers.
D) originated from check cashing outlets in the early 1990s.
E) is wholly owned by a parent corporation.
Correct Answer:
Verified
Q36: 6-32 The FDIC allows its member banks
Q37: 6-29 As an industry,finance companies have escaped
Q38: 6-37 A company that specializes in making
Q39: 6-38 This type of finance company competes
Q40: 6-31 The typical customer of a payday
Q42: 6-41 Which of the following is NOT
Q43: 6-51 As of 2009,which of the following
Q44: 6-62 Compared to commercial banks,finance companies usually
Q45: 6-44 Finance companies often prefer to lease
Q46: 6-54 Home equity loans have
A)become less profitable
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