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Evgesh-ka [11]
3 years ago
8

How does Truth In Lending Act protect consumers when shopping for a loan?

Business
2 answers:
choli [55]3 years ago
6 0

Answer

The Truth in Lending Act protects consumers when shopping for a loan by protecting then against inaccurate and unfair credit billing and credit card practices.

Explanation

The Truth in Lending Act ( TILA) was designed to ensure there is an informed way of using credit cards. It promotes disclosure on its terms and costs to create a standard in the way the costs associated with loan borrowing are calculated. Under this federal law, lenders are required to provide clients with loan cost information so that they can make a comparison shop for the various loans given.


PIT_PIT [208]3 years ago
3 0
It protects you against inaccurate and unfair credit billing and credit card practices. It requires lenders to provide you with loan cost information so that you can comparison shop for certain types of loans.
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What are the goals when a government uses expansionary monetary policy? check all that apply.
dezoksy [38]

The goals when a government uses expansionary monetary policy are

  1. Increasing its money supply to boost the economy.
  2. Increasing its money supply to speed business expansion.
  3. Decreasing its interest rates to increase investment spending.

<h3>What is expansionary monetary policy?</h3>

This is when a government relax its control on the volume of money supply in an economy.  The purpose of the policy is to expand money supply and also lowers short-term interest rates.

It is to be noted that expansionary monetary policy is intended to promote more economic activity.

Learn more about expansionary monetary policy here: brainly.com/question/18939014

#SPJ1

N.B

Please see complete question below:

What are the goals when a government uses expansionary monetary policy? Check all that apply.

Increasing its money supply to boost the economy

Decreasing its money supply to slow the economy

Increasing its money supply to speed business expansion

Decreasing its money supply to curb business expansion

Decreasing its interest rates to increase investment spending

8 0
3 years ago
Which of these types of products usually involves the customer doing comparison shopping?
choli [55]

Normally customer does comparison shopping between consumer goods

7 0
3 years ago
1. Select two categories of records that are exempt from public disclosure under the Freedom of Information Act.
alexandr1967 [171]

Answer:

1)  b. National security documents

   c. Documents with confidential information

2)   i - requires

    ii - open

   iii - accused of a crime

   iv - future

   v - future

  vi - closed

3) c. Regulatory Flexibility Act

4) True

5) True, 60days

Explanation:

1) Two categories of records that are exempt from public disclosure under the Freedom of Information Act are; "National security documents  & Documents with confidential information".

2) The Government in the Sunshine Act requires all agency meetings to be open to the public unless they meet certain criteria. If a person is going to be accused of a crime, if future agency action would be frustrated, or if the meeting involves future litigation or rule making, then the meeting may be closed.

3) The law which requires the government to reassess the impact on business and continue to look for less burdensome means of achieving a governmental goal is Regulatory Flexibility Act.

4)  It is true that the Regulatory Flexibility Act relieved small businesses of certain record-keeping requirements under agency rules and federal statutes.

5) The Small Business Regulatory Enforcement Fairness Act gives Congress 60 days to review new federal regulations to be sure that they do not unduly burden small businesses.

5 0
3 years ago
Read 2 more answers
Suppose you have $10,000 in your checking account. You withdraw $500 cash from your account and hide it under your pillow for fu
trapecia [35]

Answer:

The Money supply will decrease by $4,500

Explanation:

What will be the maximum impact on money supply today as a result of your action is that the Money supply will decrease by $4,500.

Since we assumed that you have $10,000 in your account in which you withdraw $500 cash from your account and hide it under your pillow for future use, therefore based this scenario or actions carried by you it means that your bank have fewer or lesser funds available to make loans which means the decrease will tend to affect the money supply.

Hence, you can easily calculate the effect by using the simple money multiplier.

8 0
4 years ago
Suppose a farmer in Georgia begins to grow peaches. He uses​ $1,000,000 in savings to purchase​ land, he rents equipment for ​$5
Sidana [21]
Answer :


A. 305,000


B. 370,000
3 0
4 years ago
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