Multiple Choice
This type of finance company competes directly with deposit-taking institutions for consumer loans because they can frequently process loans faster and more conveniently.
A) Sales finance institution.
B) Personal credit institution.
C) Business credit institution.
D) Lease finance company.
E) Factoring company.
Correct Answer:
Verified
Correct Answer:
Verified
Q15: A major role of the captive finance
Q20: Finance companies have had no significant downturns
Q39: Finance companies have relied primarily on short-term
Q45: A person with a history of bad
Q64: Finance companies generally attract less risky customers
Q65: Finance companies prefer to outwardly purchase equipment
Q68: As the economic expansion continued in Canada
Q75: Factoring is the process where accounts are
Q78: Bad debt expense and administrative costs are
Q82: Traditionally, motor vehicle loans and leases are