Finance companies make loans to people who could not get credit anywhere else
9. Finance companies make loans to people who could not get credit anywhere else. To compensate for taking this extra risk, finance companies:
| A. | are 100 percent covered by the FDIC | |
| B. | charge higher interest rates than commercial banks do | |
| C. | sell government bonds | |
| D. | raise the customers’ discount rates | |
| E. | have a high reserve requirement |
10. Grainger Distribution Company sold Long Electronics ten circuit breakers for $179.00 each. Long Electronics will be allowed thirty days to pay the bill. Grainger will carry the $1790.00 on its books as a(n):
| A. | account payable | |
| B. | current liability | |
| C. | account receivable | |
| D. | fixed liability | |
| E. | marketable security |
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