Improved Computer Technology Has Made Home Banking a Reality

question 2

Multiple Choice

Improved computer technology has made home banking a reality. Home banking has advantages for both the customer and the bank.

• A)It is more heavily regulated by the government and banks can lower transactions costs.
• B)It is more convenient for the customer and banks can charge customers higher convenience fees.
• C)It is harder to monitor customers and customers are limited to making transactions at specific times.
• D)It is more convenient for the customer and lowers transactions costs for the bank.

Identify and describe various consumer protection laws and regulations.

Recognize deceptive practices and legal remedies in advertising and sales.

Explain the rights and obligations of consumers under the Truth in Lending Act.

Describe the legal framework surrounding credit reporting, including consumer rights to access and dispute credit information.

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Definitions:

Grooming

The practices or activities a person does to clean and maintain their appearance, including hygiene and clothing choices.

Disturbing Dreams

Dreams that cause emotional upset or distress, often remembered vividly upon waking.

Anxiety

A feeling of fear, dread, and uneasiness that may occur as a reaction to stress; can affect day-to-day living if severe and persistent.

Rapid Speech

Speech that is faster than normal, which can be a symptom of certain medical conditions or nervous excitement.