Effects on Families and Communities of Color of White Lending

question 123

Multiple Choice

Effects on families and communities of color of white lending officials' discriminatory lending practices during the Great Recession (2008-2010) included:

• A) many black and Latino homeowners losing their homes to foreclosures, thereby losing billions of dollars in assets.
• B) many working-class white homeowners losing their homes to foreclosures, thereby losing billions of dollars in assets.
• C) lenders and investors holding repossessed homes of Native American families and allowing them to deteriorate.
• D) lenders and investors holding repossessed homes of Asian American families and allowing them to deteriorate.

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Definitions:

Population Proportion

A measure indicating the ratio of members in a defined category to the total population size.

Interval Estimate

A range of values derived from sample data within which a population parameter is estimated to lie, usually defined by two numbers representing the upper and lower limits.

Population Standard Deviation

A measure of the variability or dispersion of a population dataset, representing the square root of the variance.

Sample Size

The number of observations or data points collected in a subset of a population for the purpose of statistical analysis.