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Which two statements about financial service companies are true?


a.They offer loans only to consumers who have good credit ratings.

b.They partner with businesses to provide credit to consumers.

c.They are the largest type of financial institution in the United States.

d.They charge a higher interest on loans to consumers than banks do.

EThey specialize in providing residential and commercial property loans.

Verified Answer :

not sure but its between D and B

The answer is:

b.They partner with businesses to provide credit to consumers.

By partnering up with financial service company, businesses can reduce the risk of providing transaction through credit and expand their market potential.

d.They charge a higher interest on loans to consumers than banks do.

On general, the difference between interest could be between 0.5 - 1.75 %. Bank can afford to give its service with lower interest because it typically had more consumers than financial service companies.


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