If You Have Incorrect Information in Your Credit File

question 43

Multiple Choice

If you have incorrect information in your credit file,

• A)you can't really do much about it.
• B)you have no legal remedies.
• C)credit bureaus are not required to change it.
• D)there are legal remedies available to you.
• E)don't worry much because you will still get the credit.

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Definitions:

Inelastic Demand

Inelastic demand occurs when consumers' purchase quantity does not significantly change in response to a change in the price of the product.

Bovine Infertility

The inability of cows to conceive and produce offspring.

Supply Curve

A graphical representation of the relationship between the price of a good or service and the quantity of that good or service that a supplier is willing and able to supply at each price.

Elastic

Describes the responsiveness of the quantity demanded or supplied of a good or service to a change in its price.