If a Consumer Requests a Credit Reporting Agency to Correct

question 45

Multiple Choice

If a consumer requests a credit reporting agency to correct his/her credit report:

• A)the agency must comply.
• B)the agency need only include a copy of the request in its report.
• C)any corrections made must be sent to all report recipients over the last two years.
• D)none of the above

Describe non-routine decisions in entrepreneurship that involve significant financial risks.

Identify and understand the various sources of uninsurable risk.

Comprehend the main sources of economic profit.

Analyze the different factors that affect the effective rate of interest for lenders and borrowers.

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Definitions:

Base Year

A reference year against which economic growth, inflation, and other economic indicators are measured to assess changes over time.

A W Phillips

An economist known for the Phillips Curve, which suggests an inverse relationship between unemployment and inflation rates.

Unemployment Rate

The quota of the working-age population that is without a job and searching for one.

Rate Of Change

A measure that determines the extent to which a quantity grows or declines over a particular period of time, often expressed as a percentage.