Under the Truth in Lending Act,a Lender Must Disclose All

question 30

Multiple Choice

Under the Truth in Lending Act,a lender must disclose all of the following EXCEPT
​

• A)the average percentage rate charged by competitors.
• B)the amount financed.
• C)the annual percentage rate (APR).
• D)the finance charge.

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Definitions:

Foreign Language

A language that is not the native language of the speaker, but that is used in the area where they are living or while visiting another country.

Alphabetic Order

A method of arranging items based on the sequence of letters in the alphabet from A to Z.

Social Loafing

A scenario in which individuals working in a group setting display reduced effort in achieving objectives, unlike when working independently.

Deindividuation

A phenomenon where individuals in a group lose a sense of self-awareness and as a result, may act differently than they would alone, often leading to anti-normative and disinhibited behavior.