Consumer Credit Refers to the Use of Credit for Personal

question 155

True/False

Consumer credit refers to the use of credit for personal needs (except a home mortgage) by individuals.

---

Definitions:

Statutory Laws

Laws enacted by a legislative body, such as Congress or parliament, that must be followed by citizens in the jurisdictions where they apply.

Legislative Bodies

Institutions responsible for making laws in a country or community, such as parliaments or congresses.

Provincial Governments

The administrative bodies governing the provinces of a country, responsible for local regulations and policies.

Environmental Lawsuits

Legal actions initiated by individuals, organizations, or governments aimed at enforcing environmental laws, addressing pollution, or protecting natural resources and public health.