Under the Equal Credit Opportunity Act, It Is Unlawful to Discriminate

question 51

True/False

Under the Equal Credit Opportunity Act, it is unlawful to discriminate against an applicant because all or part of the applicant's income is obtained from a public assistance program.

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Definitions:

Opportunity Cost

The price paid for not selecting the next preferable option when a choice is made.

Architectural Jobs

Employment positions focused on designing buildings and structures, ensuring they are functional, safe, and aesthetically pleasing.

Wage Rate

The fixed amount of money paid to an employee for work performed, typically expressed per hour or piece.

Bowed Out

describes a convex curve in economics, typically referring to an indifference curve or a production possibilities frontier, suggesting increasing opportunity costs.