According to the Truth in Lending Act, which of the following is the bank NOT obligated to inform you of?
Answer: Out of all the options presented above the one that represents what banks are not obligated to inform you of is answer choice B) Interest calculating method. The reason being that the TILA does not tell financial institutions how much interest they may charge or whether they must grant a consumer a loan.
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Answer:
Present value of $1
Explanation:
In this question, we are asked to give the value by which the amount due on a truck is to be multiplied given the interest rate.
From the question, we can identify that $15,000 is the future value of the truck.Now, we are tasked with calculating the present value of the truck.
In order to obtain the present value, the $15,000, which is the present value will have to be multiplied by the present value of $1 for an interest rate i of 8% and a time of year n = 1( considering the time between February 1 2018 and February 1, 2019)
Answer:
C) efficiency
Explanation:
Efficiency is defined as the ratio between the inputs required to produce a certain amount of output. In other words, the more efficient the company is, the lower its average production costs.
An efficient company is able to produce more output using the same amount of inputs as other companies, or produce the same output using a smaller amount of inputs.
In this case, Trent Automobiles is just the opposite, their bad purchasing decisions led to higher costs which reduces their efficiency levels.
The Securities and Exchange Commission could fine Bob.
Option D.
<u>Explanation:
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The U.S. Securities and Exchange Commission (SEC) have been established as a self-governing federal government entity that protects investors, maintains the securities markets running equally and normally and promotes capital formation. The first federal control board on securities markets were set up by Congress in 1934.
The SEC will only initiate civil proceedings against violations of law, but deals on criminal proceedings with the Justice Department. The SEC recovered approximately Four billion dollars in fines and other damage following its investigation after the Great depression.