Consumer Finance Companies

question 40

Multiple Choice

Consumer finance companies:

• A)offer the highest interest rate on installment loans.
• B)are cooperative financial institutions that are owned by its members.
• C)are non-profit financial institutions.
• D)accept deposits from their members and use the deposits for lending.
• E)are managed by large manufacturing companies.

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Definitions:

Years

Years are units of time that measure the duration or length of time an event has occurred or is expected to occur, usually related to financial calculations or investments.

Invest

To allocate resources, usually money, with the expectation of generating an income or profit.

Investments

Assets purchased with the expectation that their value will grow or generate income.

Quarterly

Taking place four times a year, or every quarter.