The Fair and Accurate Credit Transactions Act

question 28

Multiple Choice

The Fair and Accurate Credit Transactions Act

• A) gives consumers the right to request a free copy of their credit report every year.
• B) allows credit bureaus to sell personal financial information they have gathered.
• C) makes it possible for a consumer to declare bankruptcy without harming his or her credit rating.
• D) ensures that people with criminal convictions are still able to obtain credit.
• E) All of the above

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Definitions:

Mead

George Herbert Mead, an American philosopher, sociologist, and psychologist, known for his contributions to social psychology and the development of symbolic interactionism.

Piaget

A Swiss developmental psychologist and philosopher known for his theories of cognitive development in children.

Virtual Community

An association of people, scattered across the country, continent, or planet, who communicate via computer and modem about a subject of common interest.

Flexible Self

The ability of an individual to adapt their identity and personal narratives to cope with various social situations and challenges.