Fair Credit Reporting Refers to the Requirement That Creditors

question 275

Multiple Choice

Fair credit reporting refers to the requirement that creditors:

• A) must disclose all relevant terms in credit transactions
• B) must not use sex or race to determine a person's creditworthiness
• C) must not use abusive debt collection techniques
• D) credit reporting agencies must provide accurate information in consumer reports
• E) none of the other specific choices are correct

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Definitions:

Dynamic-Systems Approach

A view of human development as an ongoing, ever-changing interaction between the physical, cognitive, and psychosocial influences.

Static Process

A process or condition that remains constant or unchanged over time, lacking in dynamic or evolutionary development.

Cognitive Development

The process by which individuals acquire and understand knowledge through thought, experience, and the senses.

Preoperational Stage

A stage in Piaget's theory of cognitive development, occurring from about ages 2 to 7, characterized by symbolic thought but limited by egocentrism and a lack of logical operations.