Which of the Following Is Not True About the Home

question 37

Multiple Choice

Which of the following is not true about the Home Mortgage Disclosure Act?

• A) It was enacted to emphasize to financial institutions the importance of their reinvesting funds in the communities they serve.
• B) It was enacted to put redlining into effect.
• C) It outlawed geographic discrimination.
• D) It requires public disclosure of the financial institution's geographic pattern of mortgage lending.

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Definitions:

Omission Bias

The tendency to judge harmful actions as worse, or less moral, than equally harmful omissions (inactions).

Decision Avoidance

The phenomenon where an individual or group deliberately chooses not to make a decision, often to avoid responsibility or negative outcomes.

Certainty Effect

The tendency for people to overweight outcomes that are certain relative to outcomes that are merely probable.

Entity Theorists

Individuals who believe traits and abilities are fixed and unchangeable.