What are consumer finance companies? 1) Groups or individuals that lend money at high interest rates in return for goods as collateral 2) Cooperative agencies organized by consumer for the purpose of saving and borrowing at competitive rates 3) State-licensed firms that make installment cash loans to customers 4) State-licensed institutions that make high-interest installment loans to customers for a variety of goods 5) Federally or state-licensed organizations that make fairly competitive loans for a variety of consumers

What are consumer finance companies? 1) Groups or individuals that lend money at high interest rates in return for goods as collateral 2) Cooperative agencies organized by consumer for the purpose of saving and borrowing at competitive rates 3) State-licensed firms that make installment cash loans to customers 4) State-licensed institutions that make high-interest installment loans to customers for a variety of goods 5) Federally or state-licensed organizations that make fairly competitive loans for a variety of consumers

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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