Janet Kennedy Has Received a Letter in the Mail from BISA

question 117

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:

Sustainable Supply Chain

A supply chain designed to minimize environmental impact and promote social and economic benefits throughout its lifecycle.

Material Flows

The movement, storage, and processing of materials within a manufacturing process or supply chain, from raw materials to finished products.

Environmental Goals

Objectives set by an organization or government focused on the conservation and protection of the environment and natural resources.

Break-Even Point

The financial state where total costs equal total revenues, meaning the business is not making a profit, but it's not losing money either.