Which of the Following Observations Concerning Payday Lenders Is NOT

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 paycheque.
C) The industry originated from cheque cashing outlets.
D) The payday loan industry is regulated at the provincial and territorial level.
E) The demand for short-term loans has decreased considerably.