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  4. Quiz 10: Consumer Credit Transactions

Which of the Following Is True of the Truth in Lending

Question 17
Multiple Choice

Which of the following is true of the Truth in Lending Act? A)It is part of the Consumer Leasing Act. B)It protects natural-person debtors. C)It establishes maximum interest rates. D)It regulates open-end credits. E)It does not regulate credit-card transactions.

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Q 18
The _____ is the total of all money paid for credit. A)prime rate B)floor limit C)finance charge D)balloon payment E)floating rate
Q 19
The _____ amended the Truth in Lending Act by requiring credit card issuers to disclose in a uniform manner the annual percentage rate,annual fees,grace period,and other information on credit card applications. A)Fair Credit Reporting Act B)Consumer Leasing Act C)Truth in Lending Act D)Fair Credit and Charge Card Disclosure Act E)Credit Card Accountability,Responsibility,and Disclosure Act
Q 20
Which of the following acts restricts card issuers from providing tangible gifts to students on college campuses in exchange for filling out a credit card application? A)Fair Credit Reporting Act B)Fair Credit Billing Act C)Consumer Leasing Act D)Fair Credit and Charge Card Disclosure Act E)Credit Card Accountability,Responsibility,and Disclosure Act
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