A Denial of Credit Based Solely on the Age of the Borrower

question 19

True/False

A denial of credit based solely on the age of the borrower is always illegal.

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Definitions:

Bean Sprouts

The germinated beans used commonly in Asian cuisines, known for their crunchy texture and nutritional benefits.

Firm's Production

The total output of goods or services that a company produces, often within a specified time frame, reflecting its productive capacity.

Reaction Function

A formula or model that predicts how a firm will change its output in response to changes in prices, outputs, or strategies of other firms.

Demand Function

A mathematical expression that shows the relationship between the quantity demanded of a good and its determining factors, such as price and income.