Data on Bankruptcy Can Be Included in Your Credit File

question 22

Multiple Choice

Data on bankruptcy can be included in your credit file for ____ years.

• A)7
• B)10
• C)13
• D)15

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Definitions:

Elastic Clause

A provision in the U.S. Constitution (Article I, Section 8, Clause 18) granting Congress the power to pass all laws necessary and proper for carrying out the enumerated list of powers.

Necessary

Essential or needed for a particular purpose or to achieve a specific outcome.

Enumerated Powers

Specific powers granted to Congress by the Constitution, including taxing, spending, and regulating interstate commerce, among others.

Full Faith

A phrase often used within legal contexts to describe the complete trust or belief in the validity of something, especially in "full faith and credit" in legal documents or agreements between states.