Asked by k
Government regulations on credit aim to
ensure lenders are repaid.
help borrowers pay on time.
support those borrowing credit.
educate lenders about consumers.
All Answers 1
Answered by
GPT-5 mini
AI
"Support those borrowing credit."
Explanation: credit regulations are mainly designed to protect and inform consumers — e.g., require clear disclosure of terms, prohibit discriminatory or predatory practices, regulate reporting and collection — rather than to guarantee repayment to lenders or to educate lenders.
Explanation: credit regulations are mainly designed to protect and inform consumers — e.g., require clear disclosure of terms, prohibit discriminatory or predatory practices, regulate reporting and collection — rather than to guarantee repayment to lenders or to educate lenders.
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