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:

Racism

Bias, unfair treatment, or hostility towards an individual from another race, stemming from the conviction that one's own race is superior.

White Privilege

The societal benefits and advantages that white people have over non-white people, often unconsciously or inadvertently, in many social, political, and economic arenas.

Color-blindness

In societal context, it refers to the ideology that disregards racial characteristics when considering people's rights, opportunities, and social interactions.

Whiteness

A social construct that privileges white people and is often associated with societal norms, values, and practices.