Which of the Following Observations Concerning Payday Lenders Is NOT

question 3

Multiple Choice

Which of the following observations concerning payday lenders is NOT true?

• A)They provide short-term cash advances.
• B)Their advances are due when borrowers receive their next paycheck.
• C)The industry originated from check cashing outlets.
• D)The payday loan industry is regulated at the state level.
• E)The demand for short-term loans has decreased considerably.

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Definitions:

Case Advocacy

Representing and supporting an individual or group to address and resolve issues faced within systems, ensuring their rights and needs are met.

Apartment Tenants

Individuals who lease or rent living spaces within an apartment complex or building from a landlord or property manager.

Infestation

The presence of large numbers of pest organisms in a particular area or on a host, often causing damage or disease.

Rights

Entitlements or freedoms that individuals are guaranteed by law, society, or moral principles.