Credit Card Limit.Explain how you can impose your own limits on credit card spending.

You can impose your own limits on credit card spending by:(Select all that apply.)

A.

determining the maximum amount of credit you want to use before accounting for all other expeneses.

B.

asking your credit card company to adjust your credit limit on a monthly basis.

C.

having multiple credit cards to cover all your expenses.

D.

consider using not credit cards sponsored by companies that sell necessities, such as a gas station or home repair store.

E.

using your credit card for all purchases.

F.

consider using only credit cards sponsored by companies that sell necessities, such as a gas station or home repair store.

G.

keep your accounts open but cut up your cards so that you can't use them.

H.

asking your credit card company to lower your credit limit so that you will be forced to restrict your spending

Bureau of Consumer Financial Protection.Describe the role of the Consumer Financial Protection Bureau.

The Consumer Financial Protection Bureau (CFPB):(Select the best answer below.)

A.

enforces consumer finance laws in order to ensure that consumers obtain most of the information they need to make decisions about applying for a credit card.

B.

enforces consumer finance laws in order to ensure that financial institutions receive payment for any credit they extend to consumers.

C.

enforces consumer finance laws in order to ensure that all consumers are able to obtain a credit card, even if they have bad credit.

D.

enforces consumer finance laws in order to ensure that consumers who need financal services are treated fairly.