This Act Requires Disclosure of Information to Help Consumers Compare

question 13

Multiple Choice

This act requires disclosure of information to help consumers compare the cost and terms of one lease of consumer goods with another and to compare the cost of leasing versus buying on credit or for cash.

• A) The Fair Credit Reporting Act
• B) The Electronic Funds Transfer Act
• C) The Real Estate Settlement Procedures Act
• D) The Consumer Leasing Act

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Definitions:

Goal

An aim or desired outcome that a person or a group of people envision, plan, and commit to achieve.

Frustration

The feeling of being upset or annoyed as a result of being unable to change or achieve something.

Fight-Or-Flight

A physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival.

Hans Seyle

Incorrect key term, possibly a misspelling of Hans Selye, who is a pioneering Hungarian-Canadian endocrinologist known for his research on the stress response.