Return on Assets and Return on Equity Are Both Profitability

question 66

True/False

Return on assets and return on equity are both profitability ratios.

---

Definitions:

Equal Credit Opportunity Act

A U.S. law aimed at ensuring all consumers have an equal chance to obtain credit, prohibiting discrimination based on race, color, religion, national origin, sex, marital status, age, or because someone receives public assistance.

Consumer Credit

A form of credit extended to consumers to finance the purchase of goods, services, or for personal use, subject to repayment terms.

Commercial Credit

A type of financing that allows businesses to obtain goods or services with payment to be made at a later date.

Consumer Financial Protection Bureau

A federal agency in the United States responsible for consumer protection in the financial sector.