a finance company specializes in savings accounts and mortgage loans. true false 5 true or false 1 point…

a finance company specializes in savings accounts and mortgage loans. true false 5 true or false 1 point pawnshops will offer payday loans with high finance charges to desperate borrowers. true false 6 true or false 1 point a stop - payment order is a request that a bank or other financial institution not cash a particular check. true false

a finance company specializes in savings accounts and mortgage loans. true false 5 true or false 1 point pawnshops will offer payday loans with high finance charges to desperate borrowers. true false 6 true or false 1 point a stop - payment order is a request that a bank or other financial institution not cash a particular check. true false

Answer

Brief Explanations:

  • Finance companies can have a wide - range of specializations, not just savings accounts and mortgage loans.
  • Pawnshops primarily offer loans against collateral (pawned items) rather than payday loans.
  • A stop - payment order indeed instructs a bank or financial institution not to cash a specific check.

Answer:

  1. B. False
  2. B. False
  3. A. True