Which of the Following Prevents Discrimination in Credit Extension Based

question 71

Multiple Choice

Which of the following prevents discrimination in credit extension based on sex, age, race, religion, national origin, marital status, and receipt of welfare payments?

• A) The Federal Trade Commission Act
• B) The Fair Credit Reporting Act
• C) The Truth-in-Lending Act
• D) The Fair Debt Collection Practices Act
• E) The Equal Credit Opportunity Act

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Definitions:

Accounting

The systematic process of recording, summarizing, and reporting the financial transactions and positions of a company.

Available-for-sale

This is a classification for investments that a company plans to sell but are not actively traded, with changes in value reported in other comprehensive income.

Unrealized Gain

A profit that has occurred on paper due to an investment's increased value but has not yet been realized through a sale.

Market Value

The estimated worth or price at which an asset would trade in a competitive auction setting.