Which of the Following Statements Is True of the Equal

question 28

Multiple Choice

Which of the following statements is true of the Equal Credit Opportunity Act of 1975?

• A) Creditors are prohibited from making credit decisions on the basis of discriminatory practices.
• B) Creditors are required to let consumers know how much they are paying in finance charges and interest.
• C) No public company may make, extend, modify, or renew any personal loan to its executive officers or directors, with limited exceptions.
• D) Destroying, altering, or falsifying records with the intent to impede or influence any federal investigation or bankruptcy proceeding is punishable.
• E) Businesses are required to withhold income taxes from employees' earnings and send them to the federal government.

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Definitions:

Haptics

The technology that simulates the sense of touch through vibrations, forces, or motions to the user.

Closed

Not open for discussions, interactions, or business; or, in communication, a state or attitude that is not receptive to new ideas.

Nonverbal Messages

Communication without words, including gestures, facial expressions, and body language, which can convey information or feelings.

Forget

The inability to retrieve information or memories from one's memory.