Financial Leases Are a Source of Financing in the Sense

question 61

Multiple Choice

Financial leases are a source of financing in the sense that:

• A)the lessor must find a source of financing to buy the asset.
• B)the lessee must borrow money for his first lease payment.
• C)the lessee avoids buying, but gets the use of the asset through financing.
• D)the lessor can use the lease payments as collateral to borrow.

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Definitions:

Discriminate

The act of recognizing or noting the difference between things; often used in context where unfair treatment is based on differences like race, gender, age, etc.

Synaptic Pruning

The process by which extra neurons and synaptic connections are eliminated in the brain to increase the efficiency of neuronal transmissions.

Human Cortex

The outer layer of the brain's cerebrum, involved in complex cognitive processes like thinking, memory, and decision-making.