Under the ____, Credit Reporting Services Must Allow Consumers to See

question 291

Multiple Choice

Under the ____, credit reporting services must allow consumers to see their credit reports annually for free.

• A) Free Trade Act
• B) True and Fair Credit Transactions Act
• C) Fair and Open Credit Act
• D) Fair Credit Reporting Act
• E) none of the other choices are correct

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Definitions:

Unexpected Price Changes

Price movements that occur without prior indication or contrary to the predictions based on market or economic fundamentals.

Contract

A legally binding agreement between parties that outlines the terms and conditions of a particular arrangement or deal.

Forward Contracts

Agreements to buy or sell an asset at a future date for a price agreed upon today, often used for hedging or speculation.

Marked-To-The Market

An accounting practice where assets or securities are valued according to their current market price, not their purchase price or book value.