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.

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Definitions:

Symbolic Category

A conceptual grouping used in various disciplines to signify entities or ideas that carry specific meanings beyond their physical properties.

Misrecognized

Being incorrectly identified or understood, often leading to a misinterpretation of one's identity or intentions.

Fallacies

Misleading or false arguments that fail to prove their point logically, often used in debates or to support weak claims.

Athletic Ability

Refers to the combination of qualities such as strength, agility, speed, and endurance that contributes to an individual's competency in sports or physical activities.