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The Rule of 72 is an easy way to
the rate of inflation
the annual percentage rate (APR) and/or the finance charge
calculate how fast your savings will double in value at given interest rates
Short-term savings instruments
long-term fixed rate borrowers
there are state usury laws.
credit unions
Truth in Lending Act
Which investment would you choose today if you believe interest rates will go up?
the rate of inflation
the annual percentage rate (APR) and/or the finance charge
calculate how fast your savings will double in value at given interest rates
Short-term savings instruments
long-term fixed rate borrowers
there are state usury laws.
credit unions
Truth in Lending Act
The information that a lender must disclose to consumers applying for a cash loan is
the rate of inflation
the annual percentage rate (APR) and/or the finance charge
calculate how fast your savings will double in value at given interest rates
Short-term savings instruments
long-term fixed rate borrowers
there are state usury laws.
credit unions
Truth in Lending Act
To determine the time value of money of depositing $100 in a savings account, a person needs to know the interest rate and
the rate of inflation
the annual percentage rate (APR) and/or the finance charge
calculate how fast your savings will double in value at given interest rates
Short-term savings instruments
long-term fixed rate borrowers
there are state usury laws.
credit unions
Truth in Lending Act
Who benefits the most from inflation?
the rate of inflation
the annual percentage rate (APR) and/or the finance charge
calculate how fast your savings will double in value at given interest rates
Short-term savings instruments
long-term fixed rate borrowers
there are state usury laws.
credit unions
Truth in Lending Act
Which type of financial institution usually pays the highest rate of interest on a savings account balances?
the rate of inflation
the annual percentage rate (APR) and/or the finance charge
calculate how fast your savings will double in value at given interest rates
Short-term savings instruments
long-term fixed rate borrowers
there are state usury laws.
credit unions
Truth in Lending Act
A person is convinced that a lending institution is charging too much interest on a loan. This person whould be aware that
the rate of inflation
the annual percentage rate (APR) and/or the finance charge
calculate how fast your savings will double in value at given interest rates
Short-term savings instruments
long-term fixed rate borrowers
there are state usury laws.
credit unions
Truth in Lending Act
Which of the following is the federal law that requires the cost of credit be disclosed to consumers in bold print on loan agreement?
the rate of inflation
the annual percentage rate (APR) and/or the finance charge
calculate how fast your savings will double in value at given interest rates
Short-term savings instruments
long-term fixed rate borrowers
there are state usury laws.
credit unions
Truth in Lending Act
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