The Law Which Was Passed to Curtail Predatory Lending Is

question 143

Multiple Choice

The law which was passed to curtail predatory lending is known as the:

• A)Community Reinvestment Act.
• B)Home Ownership and Equity Protection Act.
• C)Equal Credit Opportunity Act.
• D)Fair Debt Collection Practices Act.
• E)None of the options is correct.

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Definitions:

Inventory Turnover

A ratio indicating how many times a company's inventory is sold and replaced over a period.

Days' Sales In Inventory

A financial ratio that measures the average number of days a company takes to sell its inventory.

Sales Trend Percent

A metric that measures the percentage change in sales over a specific period, indicating growth or decline trends.

Times Interest Earned

A financial ratio that measures a company's ability to meet its interest obligations based on its current income.