The Fair Credit Reporting Act protects consumers from all of the following but:

a. bills that are incorrectly added.

b. credit checks done by potential lenders.

c. reports made by credit agencies.

d. governing credit bureaus.

Which of the following acts is likely to assist a consumer who believes that a credit card issuer has made a billing error?

a. The Equal Credit Opportunity Act

b. The Fair Debt Collection Practices Act

c. The Fair Credit Billing Act

d. The Truth-in-Lending Act

Which of the following agencies has the authority to require recalls and obtain permanent bans on the sale of manufactured goods?

a. The National Association of Attorneys General

b. The Federal Trade Commission

c. The Consumer Product Safety Commission

d. The Equal Employment Opportunity Commissio

An automobile is classified as a lemon if it:

a. continues to have a defect that substantially impairs its use, value, or safety, even after the manufacturer has made reasonable attempts to correct the problem.

b. is sold by a dealer who refuses to make reasonable attempts to correct the problem.

c. has been unpopular and so is sold at a discounted price.

d. is destroyed by the manufacturer so that it cannot be sold to other unsuspecting consumers.

The Fair Debt Collection Practices Act prohibits improper practices in the collection by third parties of debts, including:

a. a debt collection agency from communicating directly with a debtor under any circumstances.

b. calls by a debt collection agency to a debtor after 6 P.M.

c. a creditor from calling a debtor regarding payment of a bill.

d. a debt collection agency from calling a debtor each day, several times a day, demanding payment.

The Equal Credit Opportunity Act was passed to eliminate the lenders' practices of refusing credit on the basis of all of the following but:

a. gender, marital status, or race.

b. religion, national origin, and age.

c. income, occupation, or apparent stability.

d. ethnic group, religious conviction, and age.

A sale of goods or services made to a buyer at home that may be set aside within three business days should be __________.

a. for $50 or more

b. for $25 or more

c. between $75 and $100

d. between $250 and $500

Which market makes loans to high-risk consumers who have bankruptcies, no credit history, low-to-moderate incomes, or a poor credit history?

a. Subterranean lending market

b. Subprime lending market

c. Suboptimal lending market

d. Subliminal lending market

For the unauthorized use of a credit card, the credit card holder is liable for just __________.

a. $100

b. $75

c. $50

d. $10

A number of state legislatures have enacted lemon laws that:

a. apply to the safety of food additives for fruits and vegetables.

b. are federal legislation designed specifically to protect state consumers from fraudulent car manufacturers.

c. are interstate compacts to uniformly deal with lemon cars.

d. protect consumers buying automobiles that develop numerous defects or defects that cannot be corrected.