Ivan Is Applying for a Mortgage to Purchase His First

question 55

Multiple Choice

Ivan is applying for a mortgage to purchase his first home. His credit rating is poor due to several late payments on his credit cards and car loan. He is upset because his friend Jerry-who has excellent credit-was approved for a loan, whereas Ivan was rejected. Which of the following best describes the mortgage company's actions?

• A) unethical-both Ivan and Jerry should have received credit regardless of their credit histories
• B) ethical-because credit history is an important factor in credit decisions
• C) illegal-all consumers are entitled by law to credit approval
• D) unethical-if Jerry is employed and Ivan is not

---

Definitions:

Collective Strategy

A cooperative approach by a group to achieve a shared goal.

Legislative Leaders

Elected officials who hold significant positions of authority within legislative bodies and play key roles in shaping and passing laws.

Policy Advocacy

The active, intentional efforts to influence policy decisions and political processes to achieve specific outcomes.

Powerless Groups

Communities or demographic groups that lack political or economic power and representation in society.