Question 2 (True/False Worth 5 points)
Under the Fair Credit Reporting Act, credit bureaus are required to report information accurately and to remove or correct information that is outdated or inaccurate.
True
False
Question 3 (Multiple Choice Worth 5 points)
In Florida, a Lemon Law booklet must be given to the purchaser of all new automobiles.
false
true
Question 4 (Multiple Choice Worth 5 points)
The following are available for assistance with the Lemon Law:
consumer advocate groups
departments of your State Attorney General's office
legal aid
all of the above
Question 5 (True/False Worth 5 points)
Magnuson-Moss Warranty Act, the Fair Credit Reporting Act, The Truth in Lending Act and the Truth in Leasing Act were all created with the consumer in mind.
True
False
Question 6 (Multiple Choice Worth 5 points)
This federal law governs consumer product warranties and requires that manufacturers and sellers of consumer products provide consumers with detailed information about warranty coverage.
Truth in Lending Act
Fair Credit Billing Act
Magnuson-Moss Warranty Act
Truth is Warranty Act
Question 7 (Multiple Choice Worth 5 points)
The right to be heard insures consumers can communicate dissatisfactions.
false
true
Question 8 (Multiple Choice Worth 5 points)
What options are there for a consumer who is still not satisfied after speaking with a store manager?
no options, that is the last resort
call the Better Business Bureau
take the business to small claims court
b and c
Question 9 (Multiple Choice Worth 5 points)
According to the Lemon Law, if you are not satisfied with the purchase of your new car, your new car can be returned or replaced.
false
true
Question 10 (Multiple Choice Worth 5 points)
The Lemon Law is used to protect first time home buyers.
false
true
Question 11 (Multiple Choice Worth 5 points)
The Lemon Law applies to the purchase of all automobiles.
false
true
Question 12 (Multiple Choice Worth 5 points)
This Act covers personal property leased by an individual for a period of more than four months for personal, family or household use.
Equal Opportunity Act
Truth in Leasing Act
Truth in Lending Act
Fair Credit Bill Act
Question 13 (True/False Worth 5 points)
By law, consumers now have the right to be protected from dangerous products and misleading ads.
True
False
Question 14 (Multiple Choice Worth 5 points)
Under this Act, you have the right to see the credit history maintained by a credit bureau about you (i.e. seeing your credit report), and under certain conditions they must provide you with a copy of your report free of charge.
Fair Credit Reporting Act
Truth in Leasing Act
Magnuson-Moss Warranty Act
Fair Maintenance of Credit Act
Question 15 (Multiple Choice Worth 5 points)
The right to____________ means the consumer will be protected from false and misleading advertising.
safety
be informed
choice
be heard
Question 16 (Multiple Choice Worth 5 points)
The Lemon Law pertains to:
new cars and trucks
used cars and trucks
only vehicles purchased from the dealerships

