The Fair and Accurate Credit Transactions Act (FACT)allows Everyone to a Free

question 62

Multiple Choice

The Fair and Accurate Credit Transactions Act (FACT) allows everyone to a free copy of their credit report every year.Why is it a good idea to check your credit report every year?

• A)To make sure that there are no errors on it
• B)To make sure that someone has not stolen your identity
• C)To challenge any unauthorized entries
• D)All of the above are good reasons.

---

Definitions:

Par Value

The nominal or face value of a stock or bond, representing the value stated in the corporate charter or on the certificate.

Common Stock

An equity instrument indicating ownership in a company, which provides the holder with voting privileges and a share in the company's profits through dividends.

Stockholders' Equity

The portion of a company's capital that is owned by its shareholders, calculated as the company's total assets minus its total liabilities.

Cumulative

Describes something that increases or accumulates over time, often used in the context of investments or financial statements.