In Evaluating Your Credit Application,a Lender May

question 185

Multiple Choice

In evaluating your credit application,a lender may:

• A)ask your age.
• B)deny you credit if you are on public assistance.
• C)require your parent's address.
• D)decrease your credit because of your age.
• E)discriminate against your race and nationality.

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Definitions:

Services

Intangible products such as healthcare, education, and financial advising that are consumed at the point of delivery and do not result in ownership of physical goods.

Supply

The total amount of a specific good or service that is available to consumers, often influenced by price levels.

Demand

The quantity of a product or service that consumers are willing and able to purchase at various price points within a certain period.

Good

A tangible product or item that satisfies some human want or need and is often traded, sold, or bought in an economy.