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In the Early 1900s,banks Did Not Offer Loans to Purchase

Question 17

Multiple Choice

In the early 1900s,banks did not offer loans to purchase automobiles.This is because


A) banks could not make a profit on car loans.
B) only finance companies were permitted to offer car loans.
C) banks could not repossess a car if the loan defaulted.
D) banks did not view a car as a productive asset.

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