Which of the Following Best Expresses the Policy Behind the Truth-In-Lending

question 58

Multiple Choice

Which of the following best expresses the policy behind the Truth-in-Lending Act?

• A) To help borrowers by requiring lenders to charge a "reasonable" rate of interest as determined by the Federal Reserve Board.
• B) To help small business by requiring that lenders not use as collateral for secured loans a business's most important assets.
• C) To help debtors for loans for personal, family, or household purpose to be armed with the necessary information on a loan to better bargain for credit and to choose the creditor with the best terms.
• D) To help lenders by permitting them to investigate a person's credit history without having to worry about state libel laws.

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Definitions:

Aggressive Reactions

Behavioral responses characterized by hostility or violence towards others, often triggered by frustration or threat.

DSM-5 Criteria

The diagnostic criteria outlined in the fifth edition of the Diagnostic and Statistical Manual of Mental Disorders, used by healthcare professionals to diagnose mental disorders.

Frustration and Stress

Emotional states resulting from obstacles blocking individual goals or the perception of external demands exceeding personal resources.

Antisocial Personality Disorder

A mental disorder characterized by a long-term pattern of disregarding or violating the rights of others.