A (n) _____ is a subsidiary of a firm that exists solely to handle the credit functions of the parent company.
A)internal credit organization
B)bank
C)credit association
D)captive finance company
E)credit union

Question

Quizplus · Accepted Answer

A captive finance company is a subsidiary created by a parent company to provide financing to customers purchasing its products, handling the credit functions for the parent company.

A (N) _____ Is a Subsidiary of a Firm That