An Employer Must Notify a Job Applicant or Current Employee

question 19

True/False

An employer must notify a job applicant or current employee that a credit report may be used and must obtain the applicant's consent prior to requesting an individual's credit report from a credit bureau.

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Definitions:

Domestic Investment

Domestic Investment involves the total spending on capital within a country, which includes the purchase of capital goods and investments in buildings and infrastructure.

Import Quota

A cap placed by the government on how much or how valuable the items being imported into a nation can be.

Real Exchange Rate

The real exchange rate is a measure that adjusts the nominal exchange rate between two currencies to account for differences in price levels, reflecting the purchasing power of the currencies.

Real Interest Rate

The interest rate that has been adjusted for inflation, indicating the real cost of borrowing or the real yield on an investment.