Which of the Following Acts Requires Disclosure of Finance Charges

question 41

Multiple Choice

Which of the following acts requires disclosure of finance charges in terms of an annual percentage rate and requires that interest rates be calculated in a uniform manner in consumer credit transactions?

• A) Equal Credit Opportunity Act
• B) Fair Credit Billing Act
• C) Truth-in-Lending Act
• D) FTC Act

---

Definitions:

Overprotective

A behavioral trait where an individual exhibits excessive concern and control over another's life, often limiting their experience of risk and independence.

Toddlers

Young children typically aged between one and three years who are learning to walk and developing rapidly in other areas.

Erikson

Refers to Erik Erikson, a developmental psychologist known for his theory on the psychosocial development of humans, which outlines eight stages from infancy to adulthood.

Developmental Task

A skill or growth milestone that individuals are expected to achieve during specific stages in their life.