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:

Suggestibility

The quality of being inclined to accept and act on the suggestions of others.

Colliding Cultures

The clashes and conflicts that occur when different cultural values and beliefs interact.

Paid Vacation

Employment benefit in which an employee is compensated for a certain amount of vacation time, allowing them to take time off from work while still receiving their normal pay.

European Community

A historic term for the initial stages of what is now the European Union, focused on economic and political integration among European nations.