The Truth-In-Lending Act Does NOT Apply to Which of the Following

question 413

Multiple Choice

The Truth-in-Lending Act does NOT apply to which of the following:

• A) a $5,000 loan to a friend
• B) a $25,000 loan to a friend
• C) a transaction with no finance charge and fewer than 4 installment payments
• D) a consumer credit transaction of $30,000 that does not involve real estate
• E) all of the other choices are correct

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Definitions:

Indirection Operator

An operator (*) in C and C++ that is used to obtain the value pointed to by a pointer variable.

Grade[0]

Represents the first element in an array named 'Grade', typically used in contexts involving collection of grades or scores.

Pointer

A variable that stores the memory address of another variable.

gPtr

Typically refers to a generic pointer in programming languages like C or C++, used to point to variables of any type.