Janet Kennedy Has Received a Letter in the Mail from BISA

question 54

Multiple Choice

Janet Kennedy has received a letter in the mail from BISA International,a credit card firm.The letter describes the card as follows:??"This card is yours for only a small annual fee that is billed to your account.There is an annual percentage rate finance charge of 16.5%.There may be other charges for some transactions.There are no late fees,but there will be a charge for going over your credit limit."??Which of the following statements is true?

• A)The letter includes all the necessary disclosures for credit card solicitation under Regulation Z.
• B)The finance charge is usurious.
• C)The letter is missing several items of disclosure required under Regulation Z for credit card solicitation.
• D)none of the above

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Definitions:

Heavy Metal Music

A genre of rock music characterized by loud volumes, aggressive sounds, and often thematic elements of darkness and rebellion.

Quiet Music

Music that is soft and low in volume, often used to induce relaxation or concentration.

Annoyed

A feeling of irritation or displeasure caused by what one perceives as a disturbance or a nuisance.

Tune Out

The act or process of disengaging attention or interest, often used to describe ignoring or not paying attention to specific stimuli or information.