Which of the Following Institutions Is Organized Primarily to Provide

question 60

Multiple Choice

Which of the following institutions is organized primarily to provide loans to purchase homes?

• A)life insurance company
• B)finance company
• C)mortgage company
• D)pawnshop
• E)investment company

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Definitions:

Equity Financing

The method of raising capital by selling company shares to investors. In return, shareholders receive ownership interests in the company.

Balance Sheet

A report detailing a business's assets, liabilities, and owners' equity at a given moment.

Income Statement

A financial document that reports a company's revenues, expenses, and profits over a specific period.

Statement Of Cash Flows

Reports the impact of a firm’s operating, investing, and financing activities on cash flows over an accounting period.