What are the major assets and liabilities held by finance companies?
Answer to relevant QuestionsWhy was the reported rate on motor vehicle loans historically higher for a finance company than a commercial bank? Why did this change in 1997?Contrast the balance sheets of depository institutions with those of life insurance firms.How do life insurance companies earn profits?What is the investment yield on premiums earned? Why has this ratio become so important to property–casualty insurers?You deposit $ 12,000 annually into a life insurance fund for the next 30 years, after which time you plan to retire. a. If the deposits are made at the beginning of the year and earn an interest rate of 7 percent, what will ...
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