What is the distinguishing feature of an automobile loan?
What will be an ideal response?
Answer: The automobile is used as collateral and will be repossessed if the borrower defaults on the loan. The duration of these loans is usually very short, often for only 24 to 60 months. Although they can be as long as 72 months. Some lenders offer a very low 3% or less interest rate for this purpose.
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_____ is the sharing and understanding of meaning between individuals, departments, or representatives of the same business.
a. Personal communication b. Private communication c. Group communication d. Localized communication e. Internal communication
This statement tells you if a company is profitable
a. The income statement b. The balance sheet c. The statement of cash flows d. The statement of stockholders' equity