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polet [3.4K]
4 years ago
9

The purpose of __________ is to promote the informed use of consumer credit by requiring disclosures about its terms and cost.

Business
1 answer:
kirill115 [55]4 years ago
8 0

Answer:

lending act                      

Explanation:

The 1968 Truth in Lending Act (TILA) is federal legislation of the Americas aimed at promoting knowledgeable use of customer loans by demanding revelations of its aspects and charges in order to optimize the calculation and dissemination of borrowing costs.

TILA also gives customers the right to terminate all credit transactions involving a lien on the primary residence of a borrower, controls some credit card activities, and offers a way to settle credit payment disputes reasonably and in good time. TILA would not control the fines that might be enforced on mortgage lending, with the exception of some heavy-cost mortgage lending.

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In the late 1970s the rate of inflation was very high, exceeding 10% in 1979 and 1980. As a result, the Federal Reserve used ___
Mama L [17]

In the late 1970s the rate of inflation was very high, exceeding 10% in 1979 and 1980. As a result, the Federal Reserve used Tight monetary policy to raise the federal funds rate.

<h3>What is the rate of inflation?</h3>

Rate of inflation is the increase in price in a given period of time. Inflation is usually described as a wide measure of price increases or increases in the cost of living in a nation.

Example of Inflation goes up when prices increase, reducing your dollar's buying power.

Thus, it is Tight monetary policy.

For more information about Rate of inflation, click here:

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6 0
2 years ago
What are the right questions to ask to understand a business model
LUCKY_DIMON [66]

Answer:

What problem are you solving?

Is there a true need? Or will you need to differentiate yourself?

Why is the problem important?

What is your solution?

8 0
2 years ago
What is the maximum amount that OSHA can impose as as penalty on an employer for each willful violation
mixas84 [53]
For each willful violation $129,336 per violation
8 0
3 years ago
TopChop sells hairstyling franchises. TopChop receives $50,000 from a new franchisee for providing initial training, equipment,
Brut [27]

Answer:

$65,000

Explanation:

Under accrual method of accounting, the revenue is recognized when the same is accrued to the concern.

The revenue of $30,000 will be recognized from the starting on the date the franchise is purchased.

Hence, $30,000 will be recognized from July 1, 2021 upto to Dec 31, 2021 i.e. for half of the year.

Amount of revenue recognized by Top Chop in 2021 for its arrangement with Carlos:

= Amount receives from initial training + Amount receives from using name of the company

= $50,000 + ($30,000 ÷ 2)

= $65,000

3 0
3 years ago
The weighted average cost of capital is​ ________. A. the cost of capital for the firm as a whole B. made up of three financing​
Alona [7]

Answer:

The answer is D. All of the above

Explanation:

The Capital structure of most companies comprise equity, debt and/or preference shares. All these that made up capital structure has cost or let's say return. We have cost of capital, cost of debt, cost of preference shares.

Therefore, weighted average cost of capital is average of the cost of each financing​ component(cost of capital, cost of debt and cost of preference shares), weighted by the proportion of each component

All the options relates to the weighted average cost of capital(WACC).

5 0
3 years ago
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