Janet Kennedy Has Received a Letter in the Mail from BISA

question 54

Multiple Choice

Janet Kennedy has received a letter in the mail from BISA International,a credit card firm.The letter describes the card as follows:??"This card is yours for only a small annual fee that is billed to your account.There is an annual percentage rate finance charge of 16.5%.There may be other charges for some transactions.There are no late fees,but there will be a charge for going over your credit limit."??Which of the following statements is true?

• A)The letter includes all the necessary disclosures for credit card solicitation under Regulation Z.
• B)The finance charge is usurious.
• C)The letter is missing several items of disclosure required under Regulation Z for credit card solicitation.
• D)none of the above

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Definitions:

Compensation Level

The amount of money, benefits, and rewards that an organization provides to its employees in exchange for their work and expertise.

Retain Existing Staff

The strategies and practices employed by organizations to keep their current employees engaged, motivated, and committed to the company.

High-Quality Personnel

Employees who are highly skilled, knowledgeable, and capable of contributing significantly to an organization's success.

External Supply

A term comparable to External Labour Supply, referring to the pool of potential employees outside an organization available to meet its HR needs.