Question

The Federal Reserve helps protect people who borrow money to pay an expense by _____. enforcing the Truth in Lending Act lowering interest rates providing safe loans

Answer 1

A. Enforcing the Truth in Lending Act is the correct answer

Answer 2

enforcing the Truth in Lending Act

Step-by-step explanation:

The federal reserve is in charge of enforcing the Truth in Lending Act, which is a bill passes by the cameras of the United States in 1968 that helps the consumer to be more informed on the tax rates and costs that a loan will eventually have. So by enforcing this law the federal reserve help those who borrow money by forcing the credit institutions providing the right information on interests rates and correct costs of a credit.