INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement.
-A [sales finance company | captive finance company] purchases notes drawn up by sellers of typically big-ticket items.
A)for the first item
B)for the second item
C)if neither item will correctly complete the statement.

Question

INSTRUCTIONS: Choose the word or phrase in [ ] which will correctly complete the statement. 
-A [sales finance company | captive finance company] purchases notes drawn up by sellers of typically big-ticket items.
A)for the first item
B)for the second item
C)if neither item will correctly complete the statement.

Quizplus · Accepted Answer

A sales finance company purchases notes drawn up by sellers, while a captive finance company is owned by the seller and provides financing to their buyers. Therefore, "sales finance company" is the correct choice to complete the statement.

INSTRUCTIONS: Choose the Word or Phrase in [ ] Which