The Equal Credit Opportunity Act Prohibits the Rejection of Credit

question 123

True/False

The Equal Credit Opportunity Act prohibits the rejection of credit due to a poor credit history.

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Definitions:

Graduation

In statistics, it may refer to the process of smoothing or adjusting data, often used in actuarial science for mortality rates or other demographic models.

Employment Status

Refers to the classification of an individual's current work situation, such as full-time employed, part-time employed, unemployed, or self-employed.

College GPA

The average of a college student's academic grades, typically on a scale from 0.0 to 4.0.

Outcome of Coin Flip

Represents the result of tossing a coin, which can land as either heads or tails, used in probability and statistical examples.