Which of the Following Statements Is True of the Truth-In-Lending

question 47

Multiple Choice

Which of the following statements is true of the Truth-in-Lending Simplification Act?

• A) It restricts statutory penalties to failures to disclose credit terms that are of material importance in credit comparisons.
• B) It requires statutory penalties to be based purely on technical violations of the act.
• C) It eliminates the need for model disclosure forms issued by the government.
• D) It restricts state laws from allowing private lawsuits against deceptive advertisements.
• E) It prohibits companies from the practice of redlining.

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Definitions:

U.S. Net Capital Outflow

Represents the difference between the purchase of foreign assets by U.S. citizens and the purchase of U.S. assets by foreigners in a given period.

International Trade

The exchange of goods and services between countries.

International Finance

International finance is the study of monetary interactions that occur between two or more countries, focusing on areas such as foreign exchange markets, international monetary systems, and cross-border investment flows.

Net Exports

The value of a country's total exports minus its total imports, representing the balance of trade.