Truth in Lending Refers to the Requirement That Creditors

question 172

Multiple Choice

Truth in lending refers to the requirement that creditors:

• A) must disclose all relevant terms in credit transactions
• B) must not use sex or race to determine a person's creditworthiness
• C) must not use abusive debt collection techniques
• D) all of the other specific choices are correct
• E) none of the other specific choices are correct

---

Definitions:

Share Capital

The total amount of money that a company has raised from investors through the sale of shares.

Corporation Acts

Laws and regulations that govern the formation, operation, and dissolution of corporations.

Market Capitalization

The total value of a company's outstanding shares of stock, calculated by multiplying the current market price of one share by the total number of shares.

Authorized Shares

The highest number of shares a company is permitted to issue according to its articles of incorporation.