14
practice testMultiple Choice

Practice Test

Question 14 • Economics

Leah wants to get a home loan from her bank. Which agency would regulate that loan to ensure it is fair?

Answer
A
FCC- Federal Communications Commission
B
SEC- U.S. Securities and Exchange Commission
C
FDA- Food and Drug Administration
D
CFPB- Consumer Financial Protection Bureau

Explanation

A home loan is a consumer financial product, and the Consumer Financial Protection Bureau (CFPB) oversees financial institutions and works to protect borrowers from unfair or deceptive practices. The FCC regulates communications, the SEC regulates securities, and the FDA regulates food and medicines, so the CFPB is the agency that fits.

AI-written and checked against the verified answer.

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