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The issue in the Kruser v.Bank of Americacase involved


A) lost credit cards.
B) unauthorized withdrawls.
C) unfair interest rates.
D) privacy.

E) All of the above
F) None of the above

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"Bait and switch" is


A) advertising a product for sale and then giving the customer a rain check.
B) placing the store brand and the national brand side-by-side in a store to confuse customers.
C) selling the store brand at a lower price than the national brand.
D) advertising certain goods and then pressuring the customer to buy different, more expensive goods.

E) None of the above
F) A) and D)

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Sandy noticed an unauthorized electronic funds withdrawal on her bank statement.In order for her to not be liable for the withdrawal,she must notify her bank within _______ of the date of the bank statement.


A) 10 days
B) 30 days
C) 60 days
D) 90 days

E) A) and B)
F) B) and D)

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What are the three tests or elements used by the FTC to determine whether a particular act is an unfair trade practice?

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The FTC considers an act to be unfair if...

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The Equal Credit Opportunity Act makes it illegal for a lender to discriminate against a potential borrower because of race,national origin,religion,or sex,but it is permissible to treat a borrower differently if he or she is on welfare.

A) True
B) False

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