The Truth in Lending Act requires lenders to state the finance charge both in dollars and as an annual percentage rate (APR).
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Q6: Credit use increases future buying power.
Q7: The APR expresses the cost of credit
Q8: Interest is the charge for the privilege
Q9: The most commonly used forms of credit
Q10: Credit cannot be used to own expensive
Q12: Advantages of credit use include increased protection
Q13: The lower the annual percentage rate of
Q14: A principal problem with using credit is
Q15: The APR can be used to compare
Q16: Taking on excessive debts early in life
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