Some years ago banks didn't have to reveal the rates they charged on credit cards. Then Congress
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Question:
Some years ago banks didn't have to reveal the rates they charged on credit cards. Then Congress passed the Truth in Lending Act that required banks to publish their APR's. Is the APR really the "most truthful" rate, or would the EFF% be "more truthful"? Explain.
Related Book For
Smith and Roberson Business Law
ISBN: 978-0538473637
15th Edition
Authors: Richard A. Mann, Barry S. Roberts
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