The Equal Credit Opportunity Act Makes It Illegal for Creditors

question 13

Multiple Choice

The Equal Credit Opportunity Act makes it illegal for creditors to deny credit to individuals on the basis of ________.

• A) Race, religion, national origin, color, sex, marital status, or age
• B) Race, national origin, color, sex, marital status, or age
• C) Race, religion, national origin, color, sex, or age
• D) Race, religion, national origin, color, or sex
• E) Race, religion, color, sex, marital status, or age

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Definitions:

Expected to Pay

The anticipated amount of money that will be disbursed for liabilities, services, or goods acquired.

Require a Return

The expectation of financial gain on an investment, which can manifest as interest, dividend, or capital appreciation.

Current Value

The present worth of an asset or company based on market conditions, differing from historical costs or book value.

End of the First Year

The completion of the first 12-month period of an event or operation, typically used in financial contexts.