A ____ Is Often a Source of Low-Rate Automobile Financing

question 50

Multiple Choice

A ____ is often a source of low-rate automobile financing on specific models of vehicles.

• A)savings and loan association
• B)credit union
• C)commercial bank
• D)consumer finance company
• E)captive finance company

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Definitions:

Shareholders

Individuals or entities that own shares in a company, giving them partial ownership and potentially a say in company decisions depending on the type of shares held.

Sole Proprietorship

A business owned and operated by a single individual, with no legal distinction between the owner and the business entity.

Legal Structure

Pertains to the type of legal organization an entity chooses for the formation of their business, such as a corporation, partnership, limited liability company (LLC), or sole proprietorship.

Sole Proprietorship

A business structure where a single individual owns, operates, and is personally responsible for all aspects of the business.