Which of the Following Statements Is True of the Fair

question 25

Multiple Choice

Which of the following statements is true of the Fair Credit Billing Act?

• A) It prohibits creditors from taking actions that adversely affect the consumers' credit standing until the investigation is completed.
• B) It gives consumers the right to obtain one free credit report once every 12 months from the 3 nationwide credit reporting agencies.
• C) It is a federal statute that protects consumer-debtors from abusive, deceptive, and unfair practices used by debt collectors.
• D) It is a federal statute that requires disclosure of credit terms on credit card and charge card solicitations and applications.

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Definitions:

Memory Feats

Extraordinary acts of recall that demonstrate the capacity of the human memory system beyond everyday memory tasks.

Schemas

Mental structures that represent some aspect of the world, and are used to understand and respond to information.

Bartlett

Frederic Bartlett was a pioneering psychologist who is best known for his work on memory and cognitive psychology, particularly the theory of schema in remembering.

Integrated Framework

A comprehensive approach that combines multiple theories, methods, or structures into a cohesive whole to address complex issues.