Which Type of Financing Is Generally Used by New Car

question 83

Multiple Choice

Which type of financing is generally used by new car dealers to finance their inventories?

• A)Blanket inventory lien arrangement
• B)Trust receipt loans
• C)Committed line of credit
• D)Trade credit financing
• E)Field warehousing financing

---

Definitions:

Franklin Frazier

An influential African American sociologist known for his studies on the black family structure and race relations.

Matriarchal Patterns

Social or familial systems in which women, especially mothers, hold primary power and authority.

Mixed Racial

Pertaining to individuals or groups composed of members from more than one racial background, often reflecting a diverse heritage.

Immigrants

Individuals who move from one country to another with the intention of settling permanently or for an extended period.