Answered

According to the Truth in Lending Act, what must banks do?

ALend money only to truthful people
BPost their current interest rates in the lobby
CAdvertise only APR, not APY
DNotify applicants of credit card terms

Verified Answer :

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C. Notify applicants of credit card terms

-Checked on apex

Answer:

D. Notify applicants of credit card terms

Step-by-step explanation:

Truth in Lending Act is a United States federal law that promotes the disclosure of terms and conditions to the borrowers before borrowing any money. This is why it is also known as consumer credit protection act.

Hence, option D is the answer.  

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