Benedict Applies for a Credit Card with a Credit Limit

question 109

Multiple Choice

Benedict applies for a credit card with a credit limit of $30,000. However, the issuing bank rejects his application because of his low credit score. While rejecting his application, the bank provides him with a free copy of his credit score. In this scenario, the bank is following the mandate of the _____.

• A) Federal Credit Union Act
• B) Dodd-Frank Act
• C) Glass-Steagall Act
• D) Credit Card Accountability, Responsibility and Disclosure Act

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Definitions:

Psychoanalysis

Psychoanalysis is a set of theories and therapeutic techniques related to the study of the unconscious mind, which together form a method of treatment for mental disorders.

Phallic Character

A psychoanalytic concept referring to personality traits or behaviors associated with the phallic stage of psychosexual development, often characterized by aggressiveness, competitiveness, and overt expressions of sexual desire.

Psychoanalytic Theory

A framework for understanding human psychology that emphasizes unconscious processes and childhood experiences in shaping personality and behavior.

Intimate/Sexual Relationships

Deeply personal and physical connections between individuals, often involving emotional and sexual intimacy.