Multiple Choice
Which of the following is are not true regarding finance companies and business loans.
A) Business loans represent 31.8 percent of the loan portfolio of finance companies.
B) They are not subject to regulations that restrict the types of products and services they can offer.
C) Finance companies rely on short-term commercial paper and customer deposits to finance their assets.
D) Since finance companies do not accept deposits, they have no bank-type regulators looking at them.
E) Finance companies often have substantial industry and produce expertise.
Correct Answer:
Verified
Correct Answer:
Verified
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