Which of the Following Is True of the Truth in Lending

question 3

Multiple Choice

Which of the following is true of the Truth in Lending Act?

• A) It is part of the Consumer Leasing Act.
• B) It protects natural-person debtors.
• C) It establishes maximum interest rates.
• D) It regulates open-end credits.
• E) It does not regulate credit-card transactions.

---

Definitions:

Unequal Rewards

A situation where benefits, compensation, or recognition are distributed unevenly among individuals or groups, often based on social status, gender, or race.

Electronic Cash Registers

These are devices used by retailers to calculate and record sales transactions, manage inventory, and handle cash. They have largely been replaced or augmented by more sophisticated point-of-sale systems.

Deskilling

The process through which skilled labor within an industry or economy is eliminated by new technologies or the simplification of tasks.

Postindustrialism

A stage of economic development in which the service sector generates more wealth than the manufacturing sector of the economy.