The Act That States a Business Entity May Not Discriminate

question 5

Multiple Choice

The act that states a business entity may not discriminate against a credit applicant on the basis of race,color,religion,national origin,age,sex,or marital status is the _____ Act.

• A) Fair Credit Billing
• B) Equal Credit Opportunity
• C) Truth in Lending
• D) Fair Debt Collection Practices

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Definitions:

Criminal Offenses

Acts or omissions punishable by law as defined by statute or common law.

Clayton Act

A U.S. antitrust law enacted in 1914 aimed at promoting competition and preventing monopolies by prohibiting certain anti-competitive practices.

Celler-Kefauver Act

is a United States antitrust law passed in 1950 that prevents companies from acquiring assets of competitors if the effect would be to substantially lessen competition or create a monopoly.

Mergers

The combination of two or more companies into a single entity, with the goal of enhancing competitiveness or expanding market share.