Which of the Following Statements Is NOT True of Consumer

question 86

Multiple Choice

Which of the following statements is NOT true of consumer finance companies?

• A)Their borrowers have higher default risk than bank customers.
• B)They charge higher interest rates than banks do on similar loans.
• C)They lend primarily to consumers.
• D)They are strictly regulated by state governments.

---

Definitions:

Termination of Offer

The withdrawal of a contractual offer by the offering party before it has been accepted, rendering the offer void.

Active Monthly Users

A metric used to measure the number of unique users who interact with a digital service or platform within a month.

Hyperreality

A condition in which the distinction between the real and the artificial appears to be blurred, often due to technological advancements.

Symbolic Annihilation

The concept in media studies and social theory that underrepresentation or misrepresentation of certain groups in media contributes to inequality and social injustice.