Once an Entry Becomes Part of Credit Report,it Is Permanently

question 22

True/False

Once an entry becomes part of credit report,it is permanently a part of the report.

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Definitions:

Revealed Preference

Revealed preference is a theory that assumes individuals' preferences can be determined by their purchasing behaviors, revealing their choices and priorities.

Market Basket

A fixed set of goods and services whose price is regularly monitored and used to measure the cost of living and inflation.

Expensive

Describing something that requires a high cost or large amount of money to purchase or obtain.

Revealed Preference Theory

An economic theory proposing that individuals' preferences can be deduced from their purchasing habits and choices, rather than through their words or responses to surveys.