Question

A primary purpose of the federal Consumer Credit Protection Act is to

a. require creditors to specify how finance charges are computed.

b. grant certain rights to credit applicants regarding credit reports.

c. inform consumers about all forms of credit available to them.

d. specify what information a customer's employer can release about him/her.

Match the term with its definition. Some terms may not be used.

a. Consumer credit

b. Credit bureaus

c. Credit card

d. Credit

e. Installment account

f. Open charge account

g. Revolving charge account

h. Trade credit

i. Trade credit agencies

j. Value

Answer

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