Which of the following statements expresses the purpose of the Truth-in-Lending Act?
A. to require lenders to charge a "reasonable" rate of interest
B. to regulate interest rates and terms of loans
C. to provide consumers with information necessary to make the best credit decision
D. to help lenders limit state laws
Answer: C
You might also like to view...
______ is terminology that is specific to a particular profession or group. For example, statisticians talk about t-tests, chi-square tests, confidence intervals, and normal distributions.
A. The grapevine B. Technology C. Gossip D. Jargon E. Rhetoric
The governmental action to dispossess a foreign company or investor is known as:
A) compensation. B) confiscation. C) expropriation. D) internationalization. E) nationalization.
A movie theater finds that when it reduces its prices, its total revenues drop significantly. Its price elasticity of demand is _____
a. unitary b. inelastic c. positive d. elastic
Seasonal discounts tend to smooth out sales during the year and therefore permit year-round operation.
Answer the following statement true (T) or false (F)