Quiz 4 – Credit >> Personal & Family Financial Planning
TOTAL POINTS 5
1.Which Law requires creditors to disclose the annual percentage rate of interest and finance charge in dollars?
1 point
Truth in Lending Act
Equal Credit Opportunity Act
Fair Debt Collection Practices Act
2.A lender can legally discriminate in granting credit based on
1 point
sex.
race.
age.
credit history.
3.A borrower with an excellent credit history would be most likely to receive credit with
1 point
higher credit limits.
variable interest rates.
both higher credit limits and lower interest rates.
lower interest rates.
4.A factor in the development of credit scores is
1 point
amounts owed.
types of credit you use.
payment history.
all of these.
5.Credit bureau files can be used to help evaluate applications for
1 point
credit.
employment.
insurance.
all of these.
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