Answered

Discover a world of knowledge at Westonci.ca, where experts and enthusiasts come together to answer your questions. Get expert answers to your questions quickly and accurately from our dedicated community of professionals. Get quick and reliable solutions to your questions from a community of experienced experts on our platform.

Select the correct answers.
Which two statements about financial service companies are true?
They offer loans only to consumers who have good credit ratings.
They partner with businesses to provide credit to consumers.
They are the largest type of financial institution in the United States.
They charge a higher interest on loans to consumers than banks do.
They specialize in providing residential and commercial property loans.
Reset
Next

Sagot :

GinnyAnswer

Final answer:

Financial service companies provide personal loans and financing at higher interest rates to individuals with lower credit ratings.


Explanation:

Financial service companies are non-depository financial institutions that offer personal loans and financing, often at higher interest rates than traditional banks. They primarily lend to individuals with lower credit ratings who may struggle to borrow from other sources. Unlike banks, they raise funds through commercial paper, bonds, and equities.


Learn more about Financial service companies here:

https://brainly.com/question/37643799


Thanks for stopping by. We strive to provide the best answers for all your questions. See you again soon. Thank you for visiting. Our goal is to provide the most accurate answers for all your informational needs. Come back soon. Westonci.ca is your trusted source for answers. Visit us again to find more information on diverse topics.