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:

Metal

A class of elements characterized by physical properties such as conductivity, malleability, and magnetic attraction.

Illegal Goods

Products or services whose production, distribution, or consumption is prohibited by law.

Macroeconomic Statistics

Quantitative measures that capture various aspects of a national economy’s performance, such as GDP, unemployment rates, and inflation, aiding in its analysis and policy formulation.

Macroeconomic Statistics

Quantitative measures that describe the broad economic activities and health of a country, including GDP, inflation rates, and unemployment figures.