Which of the Following Regarding Credit Application Analysis Is Incorrect

question 48

Multiple Choice

Which of the following regarding credit application analysis is incorrect?

• A)Bankruptcy remains a mark against you for a period of ten years after it occurs.
• B)Credit card issuers normally assign a minimal acceptable credit cutoff score.
• C)Lenders may not discriminate on the basis of age.
• D)You are entitled to one free copy of your credit report each year from the three major credit bureaus.
• E)None of the above statements is incorrect;all of the above are true statements.

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Definitions:

Predictive Value

The likelihood that a specific condition or attribute accurately predicts the outcome of interest.

Feedback Value

The importance or usefulness of feedback received for improving performance or decision-making processes.

Stockholders' Equity

The remaining value in a company's assets after liabilities are subtracted, commonly known as owner's equity or shareholder's equity.

Assets

Resources owned or controlled by a business or an individual, which are expected to produce economic value or benefit in the future.