Changing a customer's credit limit would be recorded where?

A) Customer master file.
B) Customer transaction file.
C) Special journal.
D) Customer update file.

Answer: A

Business

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A) Questionnaires cannot utilize programmed skip patterns, logic checks, or randomization. B) Skipping instructions (e.g., "If the answer to question 5 is yes, go to question 9") must appear explicitly, just as on paper. C) There is inherent self-selection bias. D) Some e-mail software products limit the length of the body of an e-mail message.

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The Truth in Lending Act (TILA) requires creditors

A) to inform you of the amount of monthly interest but not how it is determined. B) to tell you the APR, the interest rate applicable during a period, and the method used to determine the balance to which the rate is applied. C) to inform you only of the APR; with this, you can determine all other information if you want it. D) simply to be truthful in any information provided; the kind and amount of such information is up to them.

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