Congress Outlawed the Practice of Redlining Through What Legislation

question 54

Multiple Choice

Congress outlawed the practice of redlining through what legislation?

• A) The Equal Credit Opportunity Act.
• B) The Gramm-Leach-Bliley Financial Modernization Act.
• C) The Home Mortgage Disclosure Act.
• D) The Dodd-Frank Act.

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Definitions:

Tariffs

Taxes imposed by a government on imported goods to protect domestic industries and generate revenue.

Allocation

The process of distributing resources or tasks among people or groups based on a specific criteria.

Efficient Industries

Industries that achieve maximum productivity with minimum wasted effort or expense.

Comparative Advantage

The ability of an individual, company, or country to produce a good or service at a lower opportunity cost than competitors, leading to more efficient global production and trade.