Private Remedies for Violation of the Equal Credit Opportunity Act

question 41

Multiple Choice

Private remedies for violation of the Equal Credit Opportunity Act include:

• A) actual and punitive damages up to $10,000.
• B) actual and punitive damages up to $10,000 and attorney's fees.
• C) actual damages, punitive damages up to $10,000, and attorney's fees and legal costs.
• D) attorney's fees and legal costs.
• E) actual damages up to $10,000.

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Definitions:

Weak Form

The hypothesis that past stock prices and trading volume do not affect future stock prices, suggesting that technical analysis cannot predict future movements.

Efficient-Market Hypothesis

The theory that all available information is already reflected in stock prices, suggesting that it is impossible to consistently achieve higher returns than the overall market through expert stock selection or market timing.

Technical Analysis

Technical analysis is a method of evaluating securities by analyzing statistics generated by market activity, such as past prices and volume, to predict future price movements.

Support Level

A price level at which a security tends to stop declining because of an influx of buyer demand.