____ make both secured and unsecured small loans and require repayment on a monthly installment basis.
A)Sales finance companies
B)Stockbrokers
C)Consumer finance companies
D)Insurance companies

Question

Quizplus · Accepted Answer

Consumer finance companies specialize in making small loans both secured and unsecured to individuals and require monthly installment repayment. Sales finance companies typically provide financing for large purchases such as automobiles and require a down payment or collateral. Stockbrokers facilitate the buying and selling of securities and do not provide loans. Insurance companies provide coverage for various risks and do not typically make loans.

____ Make Both Secured and Unsecured Small Loans and Require