Question 1

Sandy noticed an unauthorized electronic funds withdrawal on her bank statement.In order for her to not be liable for the withdrawal,she must notify her bank within _______ of the date of the bank statement.

Accepted Answer

A) 10 days 
B) 30 days 
C) 60 days 
D) 90 days

Question 2

"Bait and switch" is

Accepted Answer

A) advertising a product for sale and then giving the customer a rain check. 
B) placing the store brand and the national brand side-by-side in a store to confuse customers. 
C) selling the store brand at a lower price than the national brand. 
D) advertising certain goods and then pressuring the customer to buy different, more expensive goods.

Question 3

The Equal Credit Opportunity Act makes it illegal for a lender to discriminate against a potential borrower because of race,national origin,religion,or sex,but it is permissible to treat a borrower differently if he or she is on welfare.

Accepted Answer

A) True 
 B)False

Question 4

The issue in the Kruser v.Bank of Americacase involved

Accepted Answer

A) lost credit cards. 
B) unauthorized withdrawls. 
C) unfair interest rates. 
D) privacy.

Question 5

What are the three tests or elements used by the FTC to determine whether a particular act is an unfair trade practice?

Accepted Answer

The answer of What are the three tests or elements...

Exam 39: Consumer Protection

Sandy noticed an unauthorized electronic funds withdrawal on her bank statement.In order for her to not be liable for the withdrawal,she must notify her bank within _______ of the date of the bank statement.

"Bait and switch" is

The Equal Credit Opportunity Act makes it illegal for a lender to discriminate against a potential borrower because of race,national origin,religion,or sex,but it is permissible to treat a borrower differently if he or she is on welfare.

The issue in the Kruser v.Bank of Americacase involved

What are the three tests or elements used by the FTC to determine whether a particular act is an unfair trade practice?