Which Is the Most Accurate Statement

question 10

Multiple Choice

Which is the most accurate statement?

• A)Fringe and sub-prime lending should be outlawed.
• B)Poor people cannot get loans in the United States.
• C)Household International can be considered a model corporate citizen.
• D)When poor people get home mortgages or personal loans,they usually pay much higher interest rates than the average American.

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Definitions:

Federal District

A division within a country, distinct from the states or provinces, that usually encompasses the nation's capital city and has different governing laws.

Economic Downturn

A period of reduced economic activity characterized by declining GDP, increased unemployment, and lower consumer spending.

Bankruptcy Reform Act

Legislation intended to overhaul the bankruptcy system, typically making it more difficult for individuals to file for bankruptcy and to discharge certain types of debt.

Debtor's Assets

All the property and financial resources owned by an individual or organization that owes money to creditors.