Under the Truth In Lending Act, a lender must disclose all of the following EXCEPT ?
A) the average percentage rate charged by competitors
B) the total of payments.
C) the annual percentage rate (APR).
D) the finance charge.
A
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Research and development costs are
a. treated as an expense when incurred. b. capitalized but not amortized. c. capitalized and amortized over the periods that will probably benefit from the research and development. d. included with the cost of the patent resulting from the research and development.
________ damages are not recoverable unless the defendant had reason to foresee them at the time the contract was created.
A. Liquidated B. Punitive C. Consequential D. Compensatory
The distance between the market minimum and the market potential shows the overall product penetration percentage
Indicate whether the statement is true or false
Assume that the $1,000, 90-day, 8 percent note was received on August 31 and that the fiscal year ended on September 30 . The adjusting entry that would be made to record the interest receivable is (amounts rounded to nearest dollar):
a. Interest receivable 7 Interest Income 7 b. Notes receivable 7 Interest Income 7 c. Accounts receivable 20 Cash 20 d. Interest income 20 Accounts receivable 20