6-45 Which of the Following Is the Type of Loan

question 55

Multiple Choice

6-45 Which of the following is the type of loan that Ford Motor Credit Corporation provides to Ford dealers to finance the cars that the dealer has for sale?

• A)Inventory loan.
• B)Wholesale loan.
• C)Automobile lease.
• D)Factoring.
• E)Equipment loan.

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Definitions:

Established

Being firmly settled in a position or recognized in a certain role or area, often implying a reputation of reliability or authority.

Prenatally

Pertaining to the period before birth, during the development of the fetus in the womb.

Childhood

A stage of human development that spans from infancy to puberty, characterized by rapid physical growth, cognitive development, and emotional maturation.

Kellogg

A multinational food manufacturing company known primarily for its breakfast cereals and convenience foods.