Question

How does Truth-in-lending benefit consumers when shopping for a loan? a. Truth-in-lending allows consumers to be frank with the lenders and talk about very personal things. B. Truth-in-lending requires all lending institutions to eventually convert all of their loans to fixed interest rates. C. Truth-in-lending requires consumers to admit whether or not they can actually afford the loan they’re applying for. D. Truth-in-lending allows consumers to know every cost that is associated with the loans they research and apply for, and helps them reach the optimal decision.

Answer 1

A

Step-by-step explanation:

Truth-in-lending allows consumers to be frank with the lenders and talk about very important things

Answer 2

Answer: D

Step-by-step explanation:

Truth-in-lending allows consumers to know every cost that is associated with the loans they research and apply for, and helps them reach the optimal decision.

taking the test rn edge 21-22