If an Applicant Is Denied Credit Without Just Cause, the

question 45

Multiple Choice

If an applicant is denied credit without just cause, the

• A) creditor may be fined.
• B) creditor may be sued for damages.
• C) creditor may be fined and the creditor may be sued for damages.
• D) creditor may not be fined and the creditor may not be sued for damages.

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Definitions:

Substitutes

Products or services that can replace each other in satisfying a consumer's needs or wants.

Monthly Consumption

The total amount of goods and services that consumers purchase and use within a month.

Monthly Income

The total earnings received by an individual or entity on a monthly basis, from sources such as employment, investments, and other income.

Income Elasticity of Demand

Indicates how the quantity demanded of a good changes in response to a change in consumers' income.