1. Which of the following statements is FALSE?

   	A.	Sales finance institutions compete directly with commerical banks for consumer loans.
   	B.	Personal credit institutions may be willing to approve collateral that commerical banks do not find acceptable.
   	C.	Finance companies generally charge lower interest rates on consumer loans than do commerical banks.
   	D.	Finance companies specialize not only in consumer loans but also business loans and real estate loans.
   	E.	Finance companies have relied primarily on short-term commercial paper and other debt sources to finance asset growth.