The Truth in Lending Act Covers Creditors That

question 55

Multiple Choice

The Truth in Lending Act covers creditors that

• A) regularly engage in extending credit for goods and services.
• B) occasionally extend credit for goods and services.
• C) extend credit for real estate.
• D) lend money to their relatives.

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Definitions:

Operant Conditioning

A method of learning that occurs through rewards and punishments for behavior, encouraging the subject to associate certain behaviors with specific consequences.

B.F. Skinner

An influential psychologist known for his work in behaviorism and for developing the theory of operant conditioning, which involves learning through rewards and punishments.

Operant Conditioning

A behavioral modification process influenced by rewarding or disciplining actions.

Punisher

A figure or factor that decreases the likelihood of a behavior by applying a negative consequence or removing a positive stimulus.