1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
taurus [48]
3 years ago
12

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

Business
2 answers:
aksik [14]3 years ago
4 0

The Truth in Lending Act requires lenders to disclose the important terms and costs of credit, including the APR, miscellaneous charges, the payment terms, and information about any variable-rate feature. In general, neither the lender nor anyone else may charge a fee until after you have received this information. Use these disclosures to compare the costs of loans. You usually get these disclosures when you receive an application form and you will get additional disclosures before the loan is made. If any term has changed before the loan is made (other than a variable-rate feature), the lender must usually return all fees if you decide not enter into the loan because of the changed term.

Hope this helps.

Ainat [17]3 years ago
3 0
<span>How does Truth In Lending protect consumers when shopping for a loan</span>
You might be interested in
If Penny bought a stock for $80 dollars and could sell it 15 years later for 4 times what she originally paid, what is Penny’s r
Anna11 [10]

Answer:

10%

Explanation:

Data provided in the question

Purchase value of the stock = $80

Number of years = 15

Times = 4

So, the return on owning this stock is

= Number of times^(1 ÷ number of years) - 1

= 4^(1÷15) - 1

= 4^0.0666666667  - 1

= 1.0968249797  - 1

= 0.0968249797

= 10% round off

All other things that are mentioned in the question is not relevant. Hence, ignored it

5 0
3 years ago
Consider the market demand for peanut butter.Complete the following table by indicating whether an event will cause a movement a
EleoNora [17]

Answer:

A change in the expectations of consumers about prices - a shift of the demand curve for peanut butter

A decrease in the price of peanut butter - a movement along the demand curve for peanut butter

A decrease in the number of consumers - a shift of the demand curve for peanut butter

Explanation:

Only a change in price of a product would lead to a movement along the demand curve for that product.

A decrease in the price of peanut butter would increase the quantity demanded for butter. This would lead to a movement down the demand curve.

A change in the expectations of consumers about prices can shift demand curve either to the left or right.

A decrease in the number of consumers would shift the demand curve to the left.

I hope my answer helps you

8 0
4 years ago
What is NOT a type of statistical analysis approach for data analysis?
Lana71 [14]

Answer:

co-relationship

Explanation:

co-relationship  is not a type of statistical analysis approach for data analysis.

Types of statistical analysis approach for data analysis include;

Regression Analysis

Causal Analysis

Exploratory Analysis

In statistics we have correlation, which measures the degree of association between two quantitative variables.

5 0
3 years ago
The group of people within a business who are involved in making business buying decisions is referred to as
ira [324]

Answer:

E. the buying center

Explanation:

7 0
4 years ago
Looking forward to next year, if Chester’s current cash amount is $19,378 (000) and cash flows from operations next period are u
Vsevolod [243]

Answer:

The additional information missing from the question is:

Currently 1,909,064 shares at 55.73 price with 2.37 dividend

Current Long Term Assets or Plant and Equipment are $84,380 (000)

Current Inventory $249 (000)

The correct option is A,Purchases assets at a cost of $25,000 (000)

Explanation:

The $25 million purchase of assets is the most significant of the options in that it would require most cash funding compared to dividends of $ 9,545,320.00  (1,909,064*$5).

Also the other cash inflows which would improve the cash position of the company are just $249,000 for inventory and $10 million for long-term assets.

All in all,only cash outflows put the company at risk of emergency loan and the most critical is the purchase of assets of $25 million

8 0
4 years ago
Other questions:
  • If an executive or department head practices a laissez-faire approach to management, she is _____.
    11·2 answers
  • Last year easton corporation reported sales of $870,000, a contribution margin ratio of 40% and a net loss of $39,000. based on
    7·1 answer
  • Whole Foods Market ordered 12 cases of organic vegetable soup with a list price of $18.90 per case and 8 cases of organic baked
    13·1 answer
  • Accounts that are increased with a debit include A : revenue. B : assets. C : equity. D : liability.
    11·1 answer
  • A lawnmower assembly plant uses a variety of​ nuts, bolts,​ screws, and other fasteners in its operation. Its supplier delivers
    7·1 answer
  • An blank is a statement used to communicate ones feelings in a nonconfrontational manner.​
    5·1 answer
  • What is the role of board supervisiors
    5·1 answer
  • Carla Vista Chemicals management identified the following cash flows as significant in its year-end meeting with analysts: Durin
    11·2 answers
  • Dozier Company produced and sold 1,000 units during its first month of operations. It reported the following costs and expenses
    9·1 answer
  • Do you believe thicker/ Williams violated copyright law with "blurred lines" why or why not​
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!