Multiple Choice
Ally Financial [formerly General Motors Acceptance Corporation (GMAC) ]
A) is a wholly owned subsidiary of General Motors.
B) only provides financing to purchasers of automobiles built by General Motors.
C) was classified as a commercial bank holding company in 2008.
D) did not participate in federal bailout funds during the financial crisis because of their financial strength.
E) is the largest finance company in the U.S.
Correct Answer:
Verified
Correct Answer:
Verified
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