Consumer Rights and Bankruptcy Concepts
Quiz
•
Business
•
12th Grade
•
Medium
Julia De Nood
Used 2+ times
FREE Resource
12 questions
Show all answers
1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which act gives consumers the right to cancel a card before an interest rate increase?
Fair Credit Reporting Act
Credit Card Accountability and Responsibility and Disclosure Act
Consumer Credit Protection Act
Truth in Lending Act
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT a reason for discrimination prohibited by the ECOA?
Race
Color
Height
Religion
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What might you need to do if you are in financial trouble?
Save more money
Borrow money to pay bills
Invest in stocks
Increase your credit limit
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Debt collectors are not allowed to threaten consumers with what?
Violence
Discounts
Legal advice
Free services
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which type of bankruptcy is typically used by individuals with a regular income?
Chapter 7
Chapter 13
Chapter 11
Chapter 9
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the following is NOT typically protected in straight bankruptcy?
Home
Car
Social security
Luxury yacht
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a consequence of bankruptcy on interest rates?
Interest rates are unaffected
Interest rates decrease
Interest rates increase
Interest rates are fixed
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