Creditors That Use Information from Credit-Reporting Agencies Cannot Be Held

question 59

True/False

Creditors that use information from credit-reporting agencies cannot be held liable for violations of the Fair Credit Reporting Act.

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Definitions:

Ending Inventory

The total value of all goods available for sale at the end of an accounting period.

Spark Plugs

An engine component that ignites the fuel-air mixture in the combustion chamber of gasoline engines.

Market Value

The current quoted price at which an asset or a company can be bought or sold in a marketplace.

Cost

The amount of money required to purchase, maintain, or produce something.