Choose the One Most Appropriate Answer for Each

question 16

Multiple Choice

Choose the one most appropriate answer for each.
-federal law giving an individual the right to inspect his or her file with the credit bureau and correct any errors

• A)APR
• B)cash value
• C)credit report
• D)credit scoring
• E)equity
• F)exempt transactions
• G)Fair Credit Reporting Act
• H)Federal Consumer Credit Protection Act
• I)finance charge
• J)illiquid assets
• K)liquid assets
• L)loan-to-value ratio
• M)redlining
• N)Regulation Z
• O)right to rescission
• P)settlement funds
• Q)subprime loans
• R)Truth-in-Lending Act
• S)TILSRA
• T)trigger term

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Definitions:

Excise Taxes

Taxes charged on the sale of specific goods and services, such as alcohol and tobacco, often used as a tool for discouraging their consumption.

Sales Taxes

Taxes levied on the sale of goods and services, normally calculated as a percentage of their price.

Marginal Social Benefit

The additional benefit to society as a whole from an increase in the consumption or production of one more unit of a good or service.

Pollution

The introduction of contaminants into the natural environment that cause adverse change, often impacting air, water, and soil quality.