Credit Rating Agencies Are Exempt from Disclosure Rules, Meaning They

question 9

True/False

Credit rating agencies are exempt from disclosure rules, meaning they do not need to reveal non-public or sensitive information.

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Definitions:

American Society

A complex social system encompassing the diverse cultural, economic, political, and social structures within the United States.

Status Quo

The existing state of affairs at a particular time, especially concerning social or political issues.

Public Assistance

Government programs designed to provide financial aid to individuals or families in need, often targeting the poor, elderly, disabled, and unemployed.

New Deal

An assortment of programs, infrastructure projects, economic reforms, and policies put into action by President Franklin D. Roosevelt in the 1930s in the United States, designed to facilitate recovery from the Great Depression.