New Information About a Firm Has

question 64

Multiple Choice

New information about a firm has:

• A)little effect on bond prices.
• B)little effect on stock prices.
• C)a large impact on bond prices.
• D)an impact on the exchange rate.

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Definitions:

Consumer Protection Act

Legislation designed to protect the rights and interests of consumers by ensuring fair trade, accurate information, and the right to complain and get a redress.

Consumer Financial Protection Bureau

A U.S. government agency tasked with ensuring that consumers are treated fairly by banks, lenders, and other financial institutions.

Bankruptcy

A legal process for individuals or businesses that are unable to repay their outstanding debts.

Consumer Reporting Agency

is an organization that compiles and provides consumer credit information to entities like creditors, employers, and landlords, impacting decisions on lending, employment, and housing.