Which One of the Following Statements Is Incorrect

question 6

Multiple Choice

Which one of the following statements is incorrect?

• A)The Truth in Lending Act was passed in 1969
• B)APR is the true effective annual interest charged by sellers
• C)The Truth in Lending Act regulates interest charges
• D)APR represents the true effective rate annual rate of interest
• E)None of these

---

Definitions:

User Name

An identification used by a person with access to a computer, network, or online service, typically requiring a password.

Domain

The distinctive realms on the internet, specified by unique names that facilitate digital identity and access to websites.

Email Address

A unique identifier for an email account, allowing for the sending and receiving of emails.

Personal Storage Table

A file format used by Microsoft Outlook to store copies of messages, calendar events, and other items on the user's local computer.