FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A captive finance company is one that is owned by a retailer or manufacturer. is owned by a bank holding company. is owned by its

A captive finance company is one that

is owned by a retailer or manufacturer.

is owned by a bank holding company.

is owned by its depositors.

lends only to high-risk individuals that cannot obtain loans elsewhere (i.e., captives).

is regulated at the federal level.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions

Question

T F Labor-intensive technology is accompanied by low initial costs and high operating costs.

Answered: 1 week ago

Question

★★★★★
Suppose the interest rate (on an annual basis) on three-month Treasury bills is ten percent in London and six percent in New York, and the spot rate of the pound is $2. a. How can a U.S. investor...

Answered: 1 week ago

Question

★★★★★
A captive finance company is one that is owned by a retailer or manufacturer. is owned by a bank holding company. is owned by its depositors. lends only to high-risk individuals that cannot obtain...

Answered: 1 week ago

Question

★★★★★
Loan amortization schedule Personal Finance Problem Joan Messineo borrowed $ 4 9 , 0 0 0 at a 5 % annual rate of interest to be repaid over 3 years. The loan is amortized into three equal, annual,...

Answered: 1 week ago

Question

★★★★★
Mention and explain the job description of Distribution and Exhibition do fast and need correct answer with good explanation

Answered: 1 week ago

Question

★★★★★
3. Assignment Task Question No 1 a) Which is better, an investment that earns 10% compounded quarterly, one that earns 9.95% compounded monthly, or one that earns 9.9% compounded continuously? b) The...

Answered: 1 week ago

Question

★★★★★
Please do a to c a) Figure 3.1 shows the light intensity on a screen behind a single slit. The slit width is 0.20 mm and the screen is 1.5 m behind the slit. What is the wavelength (in nm) of the...

Answered: 1 week ago

Question

★★★★★
On Nov 8 th , the 4 % , 3 0 - year U . S T - bond has quoted ( asked ) price 1 0 2 . 1 2 5 0 , it paid interest 6 2 days ago . What s the actual sale price? ( The bond pays interest every 1 8 2 days....

Answered: 1 week ago

Question

★★★★★
Thoroughly respond to the prompts below. Enter your responses on a new line. 1. Analyze the project risk: What could cause the problem to occur? How can each problem be prevented? If the problem...

Answered: 1 week ago

Previous Question Next Question