Several Companies, Some of Them Operating Through the Internet, Offer

question 114

Essay

Several companies, some of them operating through the Internet, offer "paycheck advances." Consumers are encouraged to take out a loan against a paycheck they expect to receive in the near future.These short-term loans with high-interest rates, and high penalties for late payments, are often marketed to consumers who do not have traditional bank accounts.These companies could most easily be criticized for which of the following?
shoddy products
poorly serving disadvantaged consumers
high-pressure selling
high advertising and promotion costs
excessive markups

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Definitions:

Local White Authorities

Refers to the predominantly white governing bodies and officials in certain areas, particularly in the United States during the segregation era, who enforced racial segregation and discrimination laws.

City Buses

Public transportation vehicles operating within urban areas, providing mass transit services for city residents and reducing the need for personal vehicle use.

Barry Goldwater

A U.S. Senator from Arizona and the Republican Party’s nominee for President in 1964, known for his conservative political positions.

1964 Election

The United States presidential election in which Lyndon B. Johnson defeated Barry Goldwater, leading to a landslide victory for the Democratic Party.