Financing from Car Dealers in Affiliation with Financial Institutions Is

question 122

True/False

Financing from car dealers in affiliation with financial institutions is called factory financing.

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Definitions:

Inferior Goods

Goods for which demand tends to fall when income rises.

Incomes

Income is the financial gain, commonly acquired on a consistent basis, either from employment or investment returns.

Demand

The desire and ability of consumers to purchase goods and services at various prices, determining the quantity of a product that will be sold in a market.

Cross-price Elasticity

A measure of how the quantity demanded of one good changes in response to a change in the price of another good.