The Truth-in-Lending Act (Law) a) does nothing to help consumers.
b) sets the limit one can charge consumers on credit transactions.
c) requires lenders provide the customer the finance charge and the annual percentage
rate on a loan.
d) refers to the number of points one must have on their credit application.

2. which of the following statements about interest is true? a. interest is a one-time fee that you pay for lending money. b. interest is expressed as a percentage of the amount you are borrowing. c. because interest rates tend to be small numbers, they typically don't have much effect on the price of the goods you're purchasing. d. interest is a penalty that you pay when you don't pay your bills on time.