Consumer Finance Companies Typically Make Loans to Consumers Who

question 26

Multiple Choice

Consumer finance companies typically make loans to consumers who

• A) prefer to avoid the regulatory environment at a bank.
• B) cannot obtain credit otherwise due to low income or poor credit.
• C) Both A and B of the above are correct.
• D) Neither A nor B of the above are correct.

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Definitions:

Surplus

A market condition where the quantity supplied exceeds the quantity demanded at a given price, often leading to downward pressure on prices.

Shortage

A market condition where the demand for a product exceeds its supply at a particular price.

Supply Of Ethanol

The total amount of ethanol available for purchase or consumption in the market.

Price Of Corn

Refers to the market rate or cost at which corn is bought and sold, influenced by factors such as supply and demand, weather conditions, and market trends.