Which of the Following Is Not a Feature of the Fair

question 474

Multiple Choice

Which of the following is not a feature of the Fair Credit Billing Act:

• A) restricts the mailing of unsolicited credit cards
• B) creditors must follow specific procedures in case a bill is disputed
• C) maximum liability for unauthorized charges is $100 if the creditor is notified
• D) procedures exist for reporting stolen or lost credit cards
• E) all of the other choices are features of the Act

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Definitions:

High School Diploma

A certification awarded upon the successful completion of a secondary education program, representing a basic level of learning.

College Graduate

An individual who has completed a course of study at a college or university and received a degree certifying their level of education.

Money Wages

Wages paid to employees in terms of money, as opposed to real wages, which are wages adjusted for inflation.

Real Wages

The purchasing power of wages or income, taking into account the effects of inflation on buying power.