Question
A ___________ is a finance company that lends to high-risk borrowers. A. captive finance company. B. financial holding company. C. prime lender. D. QTL firm.
A ___________ is a finance company that lends to high-risk borrowers.
A. captive finance company. B. financial holding company. C. prime lender. D. QTL firm. E. sub-prime lender.
8. Unlike a commercial bank, a savings bank, a savings & loan association or even a credit union, a finance company
A. does not obtain funds from deposits. B. focuses on financing acquisitions by companies. C. focuses on providing residential mortgages. D. use most of its funds to purchase stocks. E. has lower equity capital.
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Financial Management Theory and Practice
Authors: Eugene Brigham, Michael Ehrhardt, Jerome Gessaroli, Richard Nason
2nd Canadian edition
176517308, 978-0176517304
