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M: Business 3rd Edition by O. C. Ferrell, Geoffrey Hirt, Linda Ferrell
Edition 3ISBN: 0073524581M: Business 3rd Edition by O. C. Ferrell, Geoffrey Hirt, Linda Ferrell
Edition 3ISBN: 0073524581 Exercise 79
Finance companies
A. typically function as the lender of last resort for individuals and businesses with poor credit ratings or whose other lines of credit have been exhausted.
B. offer lower interest than a bank.
C. usually do not require collateral.
D. do not make loans to individuals.
E. are insured by the FDIC.
Explanation
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A. typically function as the lender of l ...
M: Business 3rd Edition by O. C. Ferrell, Geoffrey Hirt, Linda Ferrell
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