Which of the Following Is NOT True

question 5

Multiple Choice

Which of the following is NOT true?

• A)The fastest growing area of finance companies in recent years has been in the area of leasing and business loans.
• B)Consumer loans represent the largest portion of the loan portfolio of finance companies.
• C)Finance companies rely on short-term commercial paper and customer deposits to finance their assets.
• D)Finance companies rely on short-term commercial paper and long-term debt to finance their assets.

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Definitions:

Coffee

A brewed drink prepared from roasted coffee beans, the seeds of berries from certain Coffea species.

Profit

The financial gain realized when the revenue from business activities exceeds the expenses, costs, and taxes associated with sustaining the activity.

Gram

A unit of weight that is one thousandth part of a kilogram, measured in the metric system.

Ounce

A unit of weight commonly used in the United States and the United Kingdom, equal to one-sixteenth of a pound or approximately 28.35 grams.