When a Credit Application Is Refused, It Is Sufficient That

question 13

True/False

When a credit application is refused, it is sufficient that the lender give the applicant a written statement saying: "application refused."

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Definitions:

Strong Interest Inventory

A psychological assessment tool used to help individuals identify their interests and how they relate to various occupations.

Formal Education

Structured learning that takes place within an academic institution, following a set curriculum.

Traditional Socialization

The process by which individuals learn and adopt the norms, values, and behaviors of their society through conventional ways.

Socialization Patterns

The process through which individuals learn and adopt the norms, behaviors, values, and social skills appropriate to their social position.