The Fair Credit Reporting Act (FCRA) Became Effective in 1971

question 348

Multiple Choice

The Fair Credit Reporting Act (FCRA) became effective in 1971. The purpose of FCRA is to regulate:

• A) The consumer credit reporting and related industries to ensure that consumer information is reported in an accurate manner
• B) The consumer credit reporting and related industries to ensure that consumer information is reported in a timely manner
• C) The consumer credit reporting and related industries to ensure that consumer information is reported in an accurate, timely, and complete manner
• D) None of these

Learn about the concepts of export and import in international trade.

Understand the effects of trade on wages and employment across different labor markets.

Understand the factors and circumstances that increase the likelihood of child abuse.

Recognize the definitions and examples of different types of child neglect and abuse.

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Definitions:

Financial Analysis

The evaluation of a business, project, budget, or other finance-related entity to determine its performance, stability, and profitability.

Percentage Increase

A measure of how much a quantity has grown relative to its original value, expressed as a percentage.

Sales Data

Information that represents the quantity sold and revenues generated from goods or services over a certain period of time.

Vertical Analysis

A financial analysis method that lists each account on the financial statements as a percentage of a base number.