Which of the Following Statements Is FALSE? Pay Day Loan

question 53

Multiple Choice

Which of the following statements is FALSE? Pay day loan companies

• A)specialize in small unsecured loans to individuals
• B)can be regulated by provincial legislation
• C)can charge greater than the criminal annual rate of interest
• D)have become major lenders for home mortgages
• E)have become a large industry in Canada

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Definitions:

Genus

Genus denotes a class or group of entities that share common characteristics, serving as a part of the hierarchical classification in biology and logic.

Differentia

The characteristic that distinguishes a species or a member of a species from all others of the same genus or category.

Genus

A principal taxonomic category that ranks above species and below family, and is used in the classification of living and fossil organisms.

Respiratory Tract

The parts of the body involved in breathing, including the nose, throat, and lungs.