Answered You can hire a professional tutor to get the answer.

QUESTION

Finance companies make a profit by borrowing money at a rate lower than the rate at which they lend.

Finance companies make a profit by borrowing money at a rate lower than the rate at which they lend. This is similar to a commercial bank, with the primary difference being the source of funds, principally deposits for a bank and money and capital market borrowing for a finance company.

Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question