Cecilia borrows $20,000 from Debit &Credit Union to repair her home and to buy a car. She buys a laptop from eStuf Store in a transaction financed by the seller. If these parties are subject to the Truth-in-Lending Act, Regulation Z ap-plies to

a. the car loan only.
b. the home repair loan only.
c. the retail installment sale only.
d. the car loan, the home repair loan, and the retail installment sale.


D

Business

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Typically, the ideal inflation rate isĀ taken to be

A. increasing over time. B. decreasing over time. C. positive and constantĀ over time. D. zero percent.

Business

Which of the following statements is FALSE?

a. Fraud investigations should begin in a manner that does not arouse suspicion. b. Initially, investigators should avoid using words like investigation. c. The investigation process usually starts by approaching the suspect. d. Investigators should focus on gathering the strongest types of evidence.

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Which of the following procedurea is not performed as part of an engagement quality review?

a. Evaluate judgments about materiality and the disposition of corrected and uncorrected identified misstatements. b. Call each board member to discuss the potential for fraud. c. Confirm with the lead audit partner that there are no significant unresolved matters. d. Evaluate whether appropriate levels of supervision and reviews of individual audit tasks were completed adequately during the audit.

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________ are used to characterize potential customers based upon their income, education, age, sex, and so forth.

A. Diversifications B. Development strategies C. Demographics D. Democracies

Business