The Decision About Whether or Not to Grant You Credit

question 24

Multiple Choice

The decision about whether or not to grant you credit will be made by:

• A)individual creditors.
• B)local credit bureaus.
• C)the credit cardholder.
• D)the Federal Trade Commission.
• E)national credit bureaus.

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Definitions:

Refreezing

A reiterated definition: The process of stabilizing and integrating new behaviors or changes into established norms and standards, ensuring lasting impact.

Structural Level

An analysis or approach focusing on the arrangement and organization of components within a system.

Cultural Diversity

The existence of a variety of cultural or ethnic groups within a society, organization, or community.

Cognitive Dissonance

The mental discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.