Roger Explains How His Friend Was a Victim of Redlining

question 61

Essay

Roger explains how his friend was a victim of redlining shortly after World War II. Roger knows that redlining is discrimination against non-Whites in homeownership, but he does not know how it happened. As a student of sociology what can you share with Roger?

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Definitions:

Deposits In Transit

Funds that have been sent to a bank but not yet recorded in the bank's records, resulting in a discrepancy between the company's cash records and bank statement.

Bank Service Charge

A fee charged by a bank to a customer for account maintenance or other banking services.

NSF

An acronym for Non-Sufficient Funds, referring to a situation where a bank account does not have enough money to cover a presented check or withdrawal.

Monthly Service Charge

A fee charged by a financial institution or service provider on a monthly basis for the maintenance of an account or provision of a particular service.