Which Act Requires Creditors to Accurately Provide Information Concerning the Costs

question 63

Multiple Choice

Which Act requires creditors to accurately provide information concerning the costs involved in offers of credit?

• A)The Fair Credit Reporting Act
• B)Title VII of the Civil Rights Act
• C)The Truth in Lending Act
• D)The Sarbanes-Oxley Act
• E)The Federal Trade Commission Act

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Definitions:

Corporate Tax Rates

The percentages of corporate profits that businesses must pay to the government as taxes.

Means-tested

Pertaining to government programs that require individuals to meet certain income or asset criteria to qualify for benefits.

State Sales Tax

A tax imposed by a state on the sale of goods and services, typically calculated as a percentage of the selling price.

Inheritance Tax

A tax imposed on individuals who inherit assets from a deceased person.