The Truth in Lending Act

question 100

Multiple Choice

The Truth in Lending Act

• A) prohibits discrimination in the granting of credit on the basis of sex, race, color, and religion.
• B) limits liability on lost or stolen credit cards.
• C) prohibits unfair or deceptive acts or practices on the part of banks.
• D) requires prompt correction of errors on a revolving charge account.

---

Definitions:

Losing Face

A social phenomenon where an individual's status, dignity, or respect is diminished in the eyes of others, often due to a failure or wrongdoing.

Collectivist Culture

Cultures that emphasize the needs and goals of the group as a whole over the needs and wishes of each individual.

Holier-Than-Thou Effect

A cognitive bias where individuals overestimate their moral qualities or behaviors in comparison to others.

Most Likely

Refers to the highest probability or chance of an event or outcome occurring.