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15-02-2024
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The Truth in Savings Act Multiple Choice provides formulas for calculating the APY on investments. It also requires banks to disclose fees, APR, and APY on interest-bearing accounts. Which of the following is a requirement of the Truth in Savings Act?

A. Disclosure of fees, APR, and APY
B. Calculation of APY formulas
C. Protection of investments
D. Requirement of interest-bearing accounts

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