By Offering Both Credit and Financing Through Its GMAC Division

question 266

Multiple Choice

By offering both credit and financing through its GMAC division, General Motors Inc. is trying to help consumers:

• A) expand future buying power at the expense of current buying power.
• B) expand disposable income at the expense of discretionary income.
• C) expand current buying power at the expense of future buying power.
• D) expand both disposable income and wealth.
• E) decrease both disposable and discretionary income.

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Definitions:

Security For Debt

Assets pledged by a borrower to secure repayment of a loan.

Legal Aspects

Pertains to the legal perspectives, implications, and considerations inherent to a particular issue or case.

General Contracting

The oversight and coordination of a construction project, typically involving hiring and managing subcontractors.

Subcontracted

The process of assigning part of the obligations and tasks of a primary contract to another party or contractor.