For the finance company industry as a whole, the largest single loan type is Multiple Choice...
For the finance company industry as a whole, the largest single loan type is Multiple Choice business loans. consumer loans. real estate loans. high-risk consumer loans. credit card loans.
Homework Answers
Question: For the finance company industry as a whole, the largest single loan type is
Answer: Business loans
Snippets: The business loans are categorically designed for business purposes. And for the finance company the largest single loan type is a business loan, since the rack interest rate slab would be higher when compared to any other loans.
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For the finance company industry as a whole, the largest single
loan type is Multiple Choice...
An Industrial Loan Corporation (ILC) is a type of? A- finance company. B- thrift institution. C-...
An Industrial Loan Corporation (ILC) is a type of? A- finance company. B- thrift institution. C- credit card bank. D- nonbank bank.
A bank determines that a $100,000 home loan to a customer is delinquent and at risk...
A bank determines that a $100,000 home loan to a customer is delinquent and at risk of foreclosure. The bank will: Multiple Choice Reduce Loans Secured by Real Estate by $100,000 and reduce Retained Earnings by $100,000 Reduce Loans Secured by Real Estate by $100,000 and reduce Reserve for Loan Losses by $100,000 Increase Reserve for Loan Losses by $100,000 and record a $100,000 expense to Provision for Loan Losses Decrease Reserve for Loan Losses by $100,000 and record a...
The interest paid on which type of loan is not tax deductible? Multiple Choice Home equity loan interest for home impr...
The interest paid on which type of loan is not tax deductible? Multiple Choice Home equity loan interest for home improvements Credit card interest Mortgage interest to buy a home Mortgage interest to build a home Investment interest up to the amount of investment income oan Martin expects interest rates to decline over the next few months. To achieve her long-term financial goals, she will trade off liquidity for a higher return by using a: Multiple Choice regular savings account....
Which of the following would increase the risk of a loan to the lender? Multiple Choice...
Which of the following would increase the risk of a loan to the lender? Multiple Choice Inflation rate greater than loan rate A short time to maturity o Consumer Price Index o o Rule of 72 Rule or 72 o Inflation rate lower than loan rate o
During an audit, a finance company found that 1% of their loans are defaulted (not completely...
During an audit, a finance company found that 1% of their loans are defaulted (not completely repaid). When an individual applies for a loan, the finance company runs a credit check on the individual. The company finds that 30% of defaulted loans went to poor credit risks, 40% went to fair credit risks, and 30% went to good credit risks. Of the nondefaulted loans, 10% went to poor risks, 40% went to fair risks, and 50% went to good risks....
Audit risk and revenue. Ajax Finance Inc. (Ajax) provides small and medium-sized personal, car, and business...
Audit risk and revenue. Ajax Finance Inc. (Ajax) provides small and medium-sized personal, car, and business loans to clients. It has been operating for more than 10 years and has always been run by Bill Short. Bill has been the public face of the finance company, appearing in most of its television and radio advertisements, and developing a reputation as a friend of the “little person” who has been mistreated by the large finance companies and banks. Ajax’s major revenue...
If the economy is going into a recession, a good industry to invest in would be the __________ industry. Multiple Choice...
If the economy is going into a recession, a good industry to invest in would be the __________ industry. Multiple Choice medical services automobile banking construction An industry analysis for manufacturers of a small personal care gadget observed the following characteristics: Industry sales have grown at 15%-20% per year in recent years and are expected to grow at 10%-15% per year over the next 3 years, still well above the economic growth rate. Some U.S. manufacturers are attempting to enter...
Mia has $2800 in assets, a finance company loan for $561, and an outstanding credit card...
Mia has $2800 in assets, a finance company loan for $561, and an outstanding credit card balance of $138. Mia's monthly cash inflows are $1403, and she has monthly expenses of $1184. What is Mia's net worth?
Mia has $3 comma 0003,000 in assets, a finance company loan for $500500, and an outstanding...
Mia has $3 comma 0003,000 in assets, a finance company loan for $500500, and an outstanding credit card balance of $135135. Mia's monthly cash inflows are $2 comma 0002,000, and she has monthly expenses of $1 comma 6501,650. What is Mia's net worth? Mia's net worth is $nothing.
Multiple choice question QUESTION 8 An Repo implies that the "lender" receives a security for the...
Multiple choice question
QUESTION 8 An Repo implies that the "lender" receives a security for the time of the "loan". Since the RBA accepts only high quality securities, this makes the Repo risk-free. Despite the low risk, the RBA usually charges more than the interbank rate in order to deter banks from requesting an overnight ESF loan from the RBA. Because of the low risk, the RBA usually charges less than the interbank rate. The interbank rate is for unsecured...
Which of the following would increase the risk of a loan to the lender? Multiple Choice Inflation rate greater than loan rate A short time to maturity o Consumer Price Index o o Rule of 72 Rule or 72 o Inflation rate lower than loan rate o
Multiple choice question
QUESTION 8 An Repo implies that the "lender" receives a security for the time of the "loan". Since the RBA accepts only high quality securities, this makes the Repo risk-free. Despite the low risk, the RBA usually charges more than the interbank rate in order to deter banks from requesting an overnight ESF loan from the RBA. Because of the low risk, the RBA usually charges less than the interbank rate. The interbank rate is for unsecured...
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