The Truth-In-Lending Act Includes Which of the Following Categories of Loans

question 44

Multiple Choice

The Truth-in-Lending Act includes which of the following categories of loans?

• A) Open-end credit
• B) Closed-end credit
• C) Credit card applications and solicitations
• D) Open-end credit, closed-end credit, and credit card applications and solicitations
• E) Open-end credit and closed-end credit, but not credit card applications and solicitations

---

Definitions:

NSF Check

A cheque that has been returned by a bank because the account it was drawn on did not have sufficient funds.

Outstanding Checks

Checks issued by a company awaiting cashing or clearance by the bank.

Adjusted Cash Balance

The cash amount shown in a company's books after adjustments have been made for checks outstanding, deposits in transit, and other factors.

Bank Service Charge

Fees charged by banks for the various services and account maintenance provided to customers.