Which Federal Law, Passed in 1969, Requires Creditors to State

question 122

Multiple Choice

Which federal law, passed in 1969, requires creditors to state the cost of borrowing in common language?

• A) Fair Credit Reporting Act
• B) Fair Credit Billing Act
• C) Equal Credit Opportunity Act
• D) Fair Debt Collection Practices Act
• E) Truth in Lending Act

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Definitions:

Observable Variation

Differences in appearance, physiology, or behavior among individuals of a species that can be readily observed.

Alleles

Alternative forms of a gene that arise by mutation and are found at the same place on a chromosome.

Environment

The sum of all external conditions and influences affecting the life and development of organisms.

Genetic Variability

The variation in the DNA sequence in each of our genomes, which is a key factor in the survival and evolution of species.