37. Which of the following statements is/are TRUE regarding Finance Companies? C

Question

37. Which of the following statements is/are TRUE regarding Finance Companies? CIRCLE ALL THAT APPLY (2 points) Finance companies are money-market intermediaries which fund themselves through the sale of commercial paper and use the proceeds to make loans. Automobile companies established finance subsidiaries to provide financing to car purchasers, which enabled the companies to make profits from both the sale of more cars and from providing the financing. Other types of retailers established finance subsidiaries to provide financing to their customers. Finance companies reject many loan applications, which means that those potential borrowers must apply for loans from commercial banks which have more relaxed lending standards a. b. c. d.

Explanation / Answer

THe answer is ALL parts. that are parts are true for financial companies . circle all parts.

because a financial

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