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  3. Study Set
    Financial Markets and Institutions
  4. Exam
    Exam 2: Financial Institutions, Financial Intermediaries, and Asset Management Firms
  5. Question
    Many Large Manufacturing Firms Have Subsidiaries That Provide Financing for the Parent
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Many Large Manufacturing Firms Have Subsidiaries That Provide Financing for the Parent

Question 27

Question 27

True/False

Many large manufacturing firms have subsidiaries that provide financing for the parent company's customer. These financial institutions are called captive finance companies.

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