48 The Truth in Lending law is designed to protect red out of 1 question Select one: O A. corporate borrowers. OB banks Individual consumers. O D. investors in municipal bonds. 49 Lydia is CFO of Ko for Golf Inc. In order to expand her golfing operations, lydia desires to borrow $1.500 for one year at stated te of interest. What is the effective rate of wrest in the loan is discounted Select one: O A 9.89% out of question B. 12.00% O C. 13. 19% OD 14.00% 50 Lang Golf Championship Inc. is required to maintain a minimum checking account balance of 10% of the outstanding loan of $7 million. This practice is called d tot Question Select one: O A. an installment loan O B. a compensating balance O c. a discounted loan O D. a balloon payment