An Advantage of Online Processing Is Up-To-Date Databases

question 123

True/False

An advantage of online processing is up-to-date databases.

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Definitions:

Deceptive

Intended to mislead or trick, causing someone to believe something that is not true.

Credit Report

A detailed report of an individual's credit history prepared by a credit bureau and used by lenders to determine creditworthiness.

Prequalification Offer

An initial offer made based on a preliminary assessment of the recipient's qualifications, often used in loan or credit applications.

Consent Order

A consent order is a legal agreement approved by a judge or regulatory authority, where parties agree to specific terms without admitting guilt or liability.