Credit Scoring Systems Are Often Used by Lenders to Determine

question 40

True/False

Credit scoring systems are often used by lenders to determine your creditworthiness.

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Definitions:

Racial Formation

A socio-historical process by which racial categories are created, inhabited, transformed, and destroyed.

Whiteness

A social and political construct that gives individuals perceived as white certain privileges and advantages.

Meritocracy

A system in which advancement is based on individual ability or achievement, rather than on class privilege or wealth.

Color-Blind Perspective

Refers to the ideology that disregards racial characteristics when considering people's rights, opportunities, and social interactions.