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W!SE Financial Literacy Practice Test | Questions and Answers
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The information that a lender must disclose to consumers applying for a cash loan is: - ANSWER B: The annual percentage rate (APR), and/or the finance charge Reason : The Consumer Credit Protection Act of 1968, known as the Truth in Lending Act, stipulates that consumers be told annual percentage rate (APR), the finance charge, and any special loan terms for mortgages, cash loans, vehicle loans, etc.
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