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

question 71

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:

Maximum Memory

The largest amount of memory (RAM) that a computer system or device can support or utilize effectively.

Response Time

The time it takes for a system or device to react to a given input, commonly used in relation to display technologies and network latency.

DDR4 Module

A type of RAM that is faster and more efficient than its predecessor, DDR3, providing increased transfer rates and lower voltage operation.

DDR3 Slot

A type of connector on a motherboard designed specifically for DDR3 memory modules.