The Consumer Financial Protection Bureau Was Created with the Oversight

question 132

Multiple Choice

The Consumer Financial Protection Bureau was created with the oversight authority necessary to ensure that

• A)consumer financial markets work.
• B)the prices and risks for credit products and other consumer financial services are easy to understand.
• C)the prices and risks for mortgages,credit cards,and other kinds of financial products and services are clear.
• D)all of the above.

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Definitions:

Schedule E

A tax document for reporting supplemental income or loss, notably from real estate, S corporations, or partnerships.

Gross Income

Total income from all sources before deductions, allowances, or exemptions are factored in.

Schedule C

An IRS form used by sole proprietors to report income or loss from a business.

Real Estate Professional

An individual who works in the real estate industry, typically licensed to perform transactions or offer services related to real estate.