The Equal Credit Opportunity Act Originally Intended to Prevent Discrimination

question 19

Multiple Choice

The Equal Credit Opportunity Act originally intended to prevent discrimination against __________ in the advancement of credit.

• A) religion
• B) age
• C) women
• D) color

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Definitions:

Current Assets

Assets that are expected to be converted into cash, sold or consumed within one year or within the operating cycle of a business, whichever is longer.

Intangible Assets

Non-physical assets that have value, such as patents, trademarks, and copyrights, known for their long-term benefits to a company.

Gain on Sale

The profit recognized when an asset is sold for more than its carrying amount.

Other Revenue

Income that a business earns from activities not related to its primary operations, such as investment income or rental income.