A Finance Company May Not Reject an Loan Applicant on Any

question 24

Multiple Choice

A finance company may not reject an loan applicant on any of the grounds listed below, except:

• A) the applicant is married.
• B) the applicant is sixty-five or older.
• C) the applicant is divorced.
• D) the applicant is on a fixed income.

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Definitions:

Barrier To Entry

Factors that make it difficult for new firms to enter an industry.

Essential Resource

A fundamental input required for the production process or for maintaining the well-being of individuals, often considered critical for economic development and sustainability.

Monopolist

An entity that is the sole provider of a particular good or service in a market, possessing significant market power.

Competitors

Entities that are in the same industry and vie for the same customers or market share.