Which of the Following Is True About a Line of Credit

question 131

Multiple Choice

Which of the following is true about a line of credit secured by the equity in the debtor's home?

• A)there is a three-day rescission period
• B)the same levels of disclosure for other types of credit are not required
• C)the monthly payments need not be disclosed
• D)All of the above are true.

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Definitions:

Return On Investment

A financial metric used to evaluate the efficiency of an investment or compare the efficiency of several investments, measuring gain relative to cost.

Program's Effectiveness

A measure of how well a specific program achieves its goals and objectives.

Training Investments

Financial resources dedicated to the development and implementation of training programs or initiatives.

Categorizing Cost

The process of grouping costs into categories for better management and analysis, often used in budgeting and financial reporting.