Which One of the Following Agencies Can Produce for a Subscribing

question 144

Multiple Choice

Which one of the following agencies can produce for a subscribing member, almost instantaneously, a report about your past and present credit activity?

• A) Federal Reserve Bank in your district
• B) Consumer sentinel network
• C) Federal Trade Commission
• D) Public assistance office
• E) Credit bureau

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Definitions:

Compounded Quarterly

A method of calculating interest where the accumulated interest is added to the principal amount at the end of each quarter, leading to interest being earned on interest.

Compound Interest

Interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.

Future Value

The worth of a present asset on a future specified date, calculated using a projected growth rate.

Future Value

The value of a current asset at a specified date in the future based on an assumed rate of growth over time.