Jayson Smith is a recent college graduate who found himself in debt as a result of credit card expenditures and is in need of dependable transportation.Smith recently purchased a new motorcycle from Watt Cycles.In financing the cycle,Smith found that he would be making payments to Beneficial Corp.,a company that deals in poor credit risks and short-term loans.Smith was dealing with which of the following?

Question

Quizplus · Accepted Answer

Beneficial Corp. deals specifically in poor credit risks and short-term loans, indicating that they are a finance company rather than a savings bank, savings and loan association, or a commercial bank.

Jayson Smith Is a Recent College Graduate Who Found Himself