Isabella Wants to Purchase a New Refrigerator

question 25

Multiple Choice

Isabella wants to purchase a new refrigerator.When she applies for an installment loan at the appliance store,her loan application is turned down.What consumer law says that a lender must give her the reason,in writing,that she was denied the loan?

• A) Truth-in-Lending Act
• B) Equal Opportunity Act
• C) Fair Credit Reporting Act
• D) Fair Debt Collection Practices Act

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Definitions:

Personal Freedom

The ability of an individual to make choices and act upon them independently, without undue influence or restraint from external forces.

Collectivist Cultures

Societies that prioritize the group over individual interests, emphasizing interdependence, cooperation, and social harmony.

Modesty

Modesty is the quality of being unassuming or moderate in the estimation of one's abilities and achievements.

Personality

The grouping of traits that form the distinctive personality of an individual.