Consumer Protection Laws and Financial Contracts Quiz

To prevent businesses from engaging in any commercial activity

To protect the rights and interests of consumers (correct)

To ensure businesses can operate without government interference

To generate revenue for the government

Extending a personal loan with flexible repayment terms

Offering a credit card with a low interest rate

Providing a fixed-rate mortgage loan

Issuing a title loan with high fees and interest rates (correct)

To keep the incident a secret to avoid further embarrassment

To continue making payments on any fraudulent accounts opened in their name

To report the incident to the police and their financial institutions (correct)

To take no action and wait for the issue to resolve itself over time

<p>Credit cards provide additional consumer protections and the ability to dispute charges</p> Signup and view all the answers

<p>The Consumer Financial Protection Bureau (CFPB)</p> Signup and view all the answers

<p>Being contacted by a supposed government agency claiming you owe back taxes and must pay immediately</p> Signup and view all the answers