Which of the Following Requires Debt Collectors to Treat Debtors

question 100

Multiple Choice

Which of the following requires debt collectors to treat debtors fairly and without collection tactics such as harassment, false statements, threats, and unfair practices?

• A) Fair Debt Collection Practices Act
• B) Truth in Lending Act
• C) Equal Credit Opportunity Act
• D) Fair Credit Reporting Act
• E) Telephone Consumer Protection Act

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Definitions:

Balance Of Trade

The difference between a country's exports and imports of goods.

Comparative Advantage

An economic principle that states that an entity (e.g., country, region, or individual) can produce a good at a lower opportunity cost compared to others, leading to more efficient trading possibilities.

Absolute Advantage

The capacity of a nation, person, corporation, or area to generate a product or offer a service at a per-unit cost that is cheaper than the per-unit cost at which any other party produces the same product or service.

Frederic Bastiat

A French economist, writer, and prominent member of the French Liberal School in the 19th century, known for his advocacy of free trade and the critique of socialism.