Question 1

Which is NOT true about the Fair Credit Reporting Act?

Accepted Answer

A)  It regulates the use of credit reports. 
B)  It requires deletion of out-of-date information. 
C)  It places limits on who can obtain your credit report. 
D)  It places limits on who can obtain a report. 
E)  It gives borrowers the right to know why they are denied credit. 
A)  It regulates the use of credit reports. 
B)  It requires deletion of out-of-date information. 
C)  It places limits on who can obtain your credit report. 
D)  It places limits on who can obtain a report. 
E)  It gives borrowers the right to know why they are denied credit.

Question 2

Home equity loans

Accepted Answer

A)  Are based on the original purchase price of a home. 
B)  Have interest that is tax-deductible. 
C)  Will cause you to lose your car if the loan is not repaid 
D)  Require you to be a member of a credit union 
E)  Charge high interest rates ranging from 12 to 25% 
A)  Are based on the original purchase price of a home. 
B)  Have interest that is tax-deductible. 
C)  Will cause you to lose your car if the loan is not repaid 
D)  Require you to be a member of a credit union 
E)  Charge high interest rates ranging from 12 to 25%

Question 3

Consumer credit dates back to colonial times where farmers came to use it extensively .

Accepted Answer

A) True 
 B)False

Which is NOT true about the Fair Credit Reporting Act?

Home equity loans

Consumer credit dates back to colonial times where farmers came to use it extensively .

Personal Financial Planning in Action

Money Management Skills

Taxes in Your Financial Plan

Financial Services: Saving Plans and Payment Accounts

Consumer Purchasing Strategies and Wise Buying of Motor Vehicles

Selecting and Financing Housing

Home and Automobile Insurance

Health and Disability Insurance

Financial Planning With Life Insurance

Investing Fundamentals and Bonds

Investing in Stocks

Investing in Mutual Funds

Starting Early: Retirement and Estate Planning

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Exam 5: Consumer Credit: Advantages, Disadvantages, Sources, and Costs

Which is NOT true about the Fair Credit Reporting Act?

Home equity loans

Consumer credit dates back to colonial times where farmers came to use it extensively .

Personal Financial Planning in Action

Money Management Skills

Taxes in Your Financial Plan

Financial Services: Saving Plans and Payment Accounts

Consumer Purchasing Strategies and Wise Buying of Motor Vehicles

Selecting and Financing Housing

Home and Automobile Insurance

Health and Disability Insurance

Financial Planning With Life Insurance

Investing Fundamentals and Bonds

Investing in Stocks

Investing in Mutual Funds

Starting Early: Retirement and Estate Planning

Filters