The Primary Concern of the Fair and Accurate Credit Transaction

question 452

Multiple Choice

The primary concern of the Fair and Accurate Credit Transaction Act is to:

• A) help deal with identity theft
• B) help deal with low credit scores
• C) help minority groups get credit cards
• D) help students improve their credit ratings
• E) none of the other choices are correct

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Definitions:

Money

A medium of exchange used to facilitate transactions for goods and services.

Net Present Value

A method used to evaluate an investment's profitability by calculating the present values of all cash inflows and outflows.

Delay

The act or instance of postponing or hindering a process, decision, or action.

Projected Cash Inflows

Estimated future cash receipts resulting from business activities like sales, dividends, or loan repayments.