Commercial Law, 2012 Bar — Question 72

MULTIPLE CHOICE

XYZ Corporation is engaged in lending funds to small vendors in various public markets. To fund the lending, XYZ Corporation raised funds through borrowings from friends and investors. Which statement is most accurate? A) XYZ Corporation is a bank. B) XYZ Corporation is a quasi-bank. C) XYZ Corporation is an Investment Company. D) XYZ is none of the above.

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