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Which one of the following statements expresses the purpose of the federal Truth-in-Lending Act? a. To require lenders to charge a reasonable rate of interest.
Which one of the following statements expresses the purpose of the federal Truth-in-Lending Act?
a. | To require lenders to charge a "reasonable" rate of interest. | |
b. | To help small business. | |
c. | To provide consumers with the information necessary to make the best credit decisions. | |
d. | To help lenders avoid differences in interest limits from various state usury laws. |
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