Multiple Choice
Which of the following observations concerning payday lenders is NOT true?
A) They provide short-term cash advances.
B) Their advances are due when borrowers receive their next paycheck.
C) The industry originated from check cashing outlets.
D) The payday loan industry is regulated at the state level.
E) The demand for short-term loans has decreased considerably.
Correct Answer:
Verified
Correct Answer:
Verified
Q1: Finance companies operate more like nonfinancial, nonregulated
Q2: As of 2015, real estate loans dominated
Q4: The parent institution provides a large portion
Q5: Which of the following is traditionally the
Q6: Securitized mortgage assets are used as collateral
Q7: Loans that let customers borrow on a
Q8: Business loans represent 50% of the loan
Q9: Which of the following is NOT a
Q10: Finance companies generally have higher overhead than
Q11: The growth in home equity lines of