Congress Outlawed the Practice of Redlining Through What Legislation

question 27

Multiple Choice

Congress outlawed the practice of redlining through what legislation?

• A) The Gramm-Leach-Bliley Financial Modernization Act.
• B) The Home Mortgage Disclosure Act.
• C) The Dodd-Frank Act.
• D) The Equal Credit Opportunity Act.

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Definitions:

Comprehensive Income

The change in equity of a company during a period from transactions and other events not involving the company’s shareholders directly, including all revenues, expenses, gains, and losses.

Actual Return

The genuine gain or loss that an investment generates, as opposed to the expected or anticipated return.

Expected Return

Expected Return is the estimated profit or loss an investment is predicted to generate, based on historical or projected performance.

Prior Service Cost

A pension accounting term referring to the cost of benefits attributed to employee service in prior periods, often arising from plan amendments.