Which of the Following Statements Is NOT True of Consumer

question 86

Multiple Choice

Which of the following statements is NOT true of consumer finance companies?

• A)Their borrowers have higher default risk than bank customers.
• B)They charge higher interest rates than banks do on similar loans.
• C)They lend primarily to consumers.
• D)They are strictly regulated by state governments.

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Definitions:

Affirmation

Positive reinforcement or statements that can boost someone's confidence and self-belief.

Happiness

A state of well-being and contentment, characterized by emotions ranging from contentment to intense joy.

Job

A specific role or position that entails a set of tasks and duties performed by an individual in exchange for compensation, such as salary or wages.

Personal Lives

Pertains to the activities, relationships, and experiences that are part of an individual's private life outside of their professional obligations.