Question 1

Which of the following federal consumer credit laws requires creditors to promptly credit customers' accounts and to return overpayments if requested?

Accepted Answer

A) Fair Credit Reporting Act 
B) Truth in Lending Act 
C) Equal Credit Opportunity Act 
D) Fair Credit Billing Act 
E) Consumer Credit Reporting Reform Act 
A) Fair Credit Reporting Act 
B) Truth in Lending Act 
C) Equal Credit Opportunity Act 
D) Fair Credit Billing Act 
E) Consumer Credit Reporting Reform Act

Question 2

According to a recent survey,what percent of U.S.households carry one or more credit cards?

Accepted Answer

A) 40 
B) 60 
C) 65 
D) 70 
E) 90 
A) 40 
B) 60 
C) 65 
D) 70 
E) 90

Question 3

Closed-end credit is used for a specific purpose and involves a specified amount.

Accepted Answer

A) True 
 B)False

Question 4

In the 5 Cs of credit,conditions refers to general economic conditions that can affect your ability to repay a loan.

Accepted Answer

A) True 
 B)False

Question 5

Installment cash credit is a:

Accepted Answer

A) loan that must be repaid in total on a specified day. 
B) direct loan of money for personal purposes. 
C) loan that allows the consumer to receive merchandise, such as a refrigerator. 
D) down payment made on a purchase. 
E) synonym for single lump-sum credit. 
A) loan that must be repaid in total on a specified day. 
B) direct loan of money for personal purposes. 
C) loan that allows the consumer to receive merchandise, such as a refrigerator. 
D) down payment made on a purchase. 
E) synonym for single lump-sum credit.

Which of the following federal consumer credit laws requires creditors to promptly credit customers' accounts and to return overpayments if requested?

According to a recent survey,what percent of U.S.households carry one or more credit cards?

Closed-end credit is used for a specific purpose and involves a specified amount.

In the 5 Cs of credit,conditions refers to general economic conditions that can affect your ability to repay a loan.

Installment cash credit is a:

Personal Finance Basics and the Time Value of Money

Financial Aspects of Career Planning

Money Management Strategy: Financial Statements and Budgeting

Planning Your Tax Strategy

Financial Services: Savings Plans and Payment Accounts

Choosing a Source of Credit: The Costs of Credit Alternatives

Consumer Purchasing Strategies and Legal Protection

The Housing Decision: Factors and Finances

Property and Motor Vehicle Insurance

Health, Disability, and Long-Term Care Insurance

Life Insurance

Investing Fundamentals

Investing in Stock

Investing in Bonds

Investing in Mutual Funds

Investing in Real Estate and Other Investment Alternatives

Starting Early: Retirement Planning

Estate Planning

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Exam 6: Introduction to Consumer Credit

Which of the following federal consumer credit laws requires creditors to promptly credit customers' accounts and to return overpayments if requested?

According to a recent survey,what percent of U.S.households carry one or more credit cards?

Closed-end credit is used for a specific purpose and involves a specified amount.

In the 5 Cs of credit,conditions refers to general economic conditions that can affect your ability to repay a loan.

Installment cash credit is a:

Personal Finance Basics and the Time Value of Money

Financial Aspects of Career Planning

Money Management Strategy: Financial Statements and Budgeting

Planning Your Tax Strategy

Financial Services: Savings Plans and Payment Accounts

Choosing a Source of Credit: The Costs of Credit Alternatives

Consumer Purchasing Strategies and Legal Protection

The Housing Decision: Factors and Finances

Property and Motor Vehicle Insurance

Health, Disability, and Long-Term Care Insurance

Life Insurance

Investing Fundamentals

Investing in Stock

Investing in Bonds

Investing in Mutual Funds

Investing in Real Estate and Other Investment Alternatives

Starting Early: Retirement Planning

Estate Planning

Filters