"The Effect of Instituting This Remedy for Adverse Impact Is

question 67

Multiple Choice

"The effect of instituting this remedy for adverse impact is to make equivalent all scores that fall within a particular range." Here,the "remedy for adverse impact" is more technically referred to as

• A) within-group norming.
• B) differential cut-offs.
• C) preference policies.
• D) banding.

---

Definitions:

Effective Annual Rate

The interest rate that reflects the compounding effects within a year, providing a true reflection of the return on investment.

Quoted Rates

The interest rates that lenders advertise or offer to potential borrowers for specific loan products.

Life Insurance Policy

A contract between an insurer and a policyholder where the insurer pays a designated beneficiary a sum of money upon the death of the insured person.

Lump Sum

A single payment made at a particular time, as opposed to a series of payments made over time.