According to the Chapter, the 2009 Credit Card Responsibility and Disclosure

question 33

Multiple Choice

According to the chapter, the 2009 Credit Card Responsibility and Disclosure Act:

• A)requires credit cards companies to disclose specific reasons for increasing interest rates.
• B)requires persons under 21 to show independent income or use a co-signer to acquire a credit card.
• C)prohibits credit card companies from charging more than 18% interest.
• D)requires students to disclose expected college loan debt when applying for a credit card.

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Definitions:

Broader Values

Fundamental beliefs or standards that guide behavior and decision-making on a wide or general scale.

Moral Expectations

The standards of behavior viewed as right or appropriate by a society or a group, influencing individuals' conduct.

Corporate Social Performance

An organization's total impact on society, encompassing its economic, legal, ethical, and discretionary responsibilities.

Positive Impact

A beneficial effect or contribution to the improvement or enhancement of something.