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Grover Signs an Installment Contract with Home Appliance Store to Finance

Question 6

Multiple Choice

Grover signs an installment contract with Home Appliance Store to finance the purchase of new kitchen appliances-stove, refrigerator, dishwasher, microwave, and toasteroven-for $3,999. This transaction is sub?ject to


A) no federal law.
B) the Fair Credit Reporting Act.
C) the Telecommunications Act.
D) the Truth-in-Lending Act.

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