The Fair Debt Collection Practice Act

question 216

Multiple Choice

The Fair Debt Collection Practice Act:

• A) expressly limits the number of times a collector may contact a debtor
• B) prohibits debt collectors from contacting debtors at home
• C) encourages debt collectors to discuss a consumer's debt with third parties to help collect the debt fairly
• D) all of the other choices
• E) none of the other choices

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Definitions:

Federal Gasoline Tax

A tax imposed by the federal government on the sale of gasoline, primarily used to fund transportation projects.

Price Elasticity

A measure of the sensitivity of quantity demanded or supplied to a change in price, indicating how a product's demand or supply reacts to price changes.

Income Elasticity

A measure of how much the demand for a good is affected by changes in consumers' income.

Excise Tax

A tax levied on specific goods or services, such as tobacco or gasoline, typically imposed at the manufacturing or retail level.