The Equal Credit Opportunity Act Was Passed to Ensure Equal

question 143

True/False

The Equal Credit Opportunity Act was passed to ensure equal credit opportunity regardless of past credit history.

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Definitions:

Stressors

Stressors are events or conditions that cause stress, requiring an individual to adjust, react, or cope with the pressure or tension.

Exercising Authority

The act of using power or control in an official capacity to enforce rules or make decisions.

Flexibility

The ability to adapt to new, changing, or challenging circumstances with ease and resilience.

Discretion

The freedom to decide what should be done in a particular situation, often granted to officials or authorities in their decision-making processes.