The Main Difference Between Sales Finance and Consumer Finance Is

question 74

Multiple Choice

The main difference between sales finance and consumer finance is:

• A) the type of borrower.
• B) the size of the purchase involved.
• C) the length of time until the loan has to be repaid.
• D) one deals with equipment leasing and the other does not.

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Definitions:

Preconscious

Refers to the thoughts, feelings, and memories that are not in immediate conscious awareness but can be easily accessed.

Superego

A component of Freud's psychoanalytic theory, representing the moralistic part of the mind that incorporates social standards and ideals.

Ego-ideal

A component of the psyche that represents an individual's standards of perfection and aspirations.

Reality Principle

A psychoanalytic concept where the ego seeks to satisfy the id’s desires in realistic and socially appropriate ways.