Which of the Following Best Describes Credit Reports

question 76

Multiple Choice

Which of the following best describes credit reports?

• A) Organizations must advise and receive written consent from the applicant when they request a credit report.
• B) Organizations can request a report on any employee at any time without consent.
• C) Organizations do not have to inform applicants if adverse decisions are made based on information in the report.
• D) Organizations cannot make adverse decisions based on information in such a report.

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Definitions:

Market Rate Of Interest

The prevailing rate at which interest is paid by borrowers for loans in the financial markets.

Trading Investments

Securities that a company purchases with the intention of selling in the short term for a profit.

Long-Term Investment

Assets purchased for the purpose of holding them for an extended period, often years, such as stocks, bonds, or real estate.

Bonds

Long-term instruments of debt issued by corporations or governments, promising to pay back the principal along with interest at a future date.