If You Have Incorrect Information in Your Credit File

question 86

Multiple Choice

If you have incorrect information in your credit file:

• A)you can't really do much about it.
• B)you have no legal remedies.
• C)credit bureaus are not required to change it.
• D)there are legal remedies available to you.
• E)don't worry because it will not affect your ability to borrow money.

Assess the implications of elite and popular democratic views on economic policy.

Understand the principles of Keynesian economics, supply-side economics, and their effects on fiscal policy.

Analyze the components and significance of macroeconomic policy.

Differentiate between fiscal policy and monetary policy, including the role of the Federal Reserve.

---

Definitions:

Merchandise Inventory

Refers to the goods a company has on hand for the purpose of resale to customers in the normal course of business.

Bank Reconciliation

The process of matching and comparing figures from the accounting records against those presented on a bank statement, to ensure they are in agreement and to identify any discrepancies.

Note Receivable

Represents a financial asset indicating money owed to the holder by a debtor, usually accompanied by a promissory note specifying repayment terms.

Adjusting Journal Entries

Entries made at the end of an accounting period to allocate income and expenditures to the period in which they actually occurred.