The Cost of Credit as a Yearly Rate, Given Charges

question 17

Multiple Choice

The cost of credit as a yearly rate, given charges in connection with the loan, required to be disclosed to consumers under the Truth-in-Lending Act is known as

• A)Assignment
• B)Amortization
• C)Points
• D)Annual percentage rate

---

Definitions:

Instrumental Role

The position of the family member who provides material support; often an authority figure.

Social Learning

The process of learning behaviors and meanings through social interaction.

Alfred Kinsey

An American biologist and sexologist who founded the Institute for Sex Research at Indiana University.

Heterosexual

A sexual orientation characterized by romantic or sexual attraction between people of the opposite sex.