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dwain hutcheson is a recent college graduate who found himself in debt as a result of credit card expenditures and in need of dependable transportation. hutcheson recently purchased a used motorcycle from speed cycles. in financing the cycle, hutcheson found that he would be making payments to beneficial corp., a company that deals in poor credit risks and short-term loans. hutcheson was dealing with a:

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Hutcheson discovered that in order to finance the cycle, he would have to pay Beneficial Corp., a business that deals with short-term loans and risks with bad credit. Hutcheson was corresponding with a financing firm.

Which of the following is an illustration of a social aspect that affects the choices that consumers make?

Examples of social factors include family, social position, and peer groups. Additionally, these factors have an effect on customers' purchase choices. These components demonstrate an ongoing and active intake through which people acquire diverse consumption values.

Depository institutions, also referred to as banks, include commercial banks, savings and loans, and credit unions. These institutions borrow money from depositors and lend it to borrowers. finance companies and additional nondepository institutions rely on alternative funding sources like the market for commercial paper.

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