Which of the Following Acts Requires That the Appropriate Federal

question 28

Multiple Choice

Which of the following acts requires that the appropriate federal financial supervisory agencies encourage regulated financial institutions to meet the credit needs of the local areas in which they are chartered, consistent with safe and sound operation?

• A) Home Mortgage Disclosure Act
• B) Fair Housing Act
• C) Equal Credit Opportunity Act
• D) Community Reinvestment Act
• E) Financial Institutions Reform, Recovery and Enforcement Act

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Definitions:

Sales Promotion

Short-term marketing strategies designed to stimulate quicker or greater purchase of products or services by consumers or traders.

Teenage Boys

Young male individuals typically aged between 13 and 19 years old.

Messages Differ

The concept that communication can vary in content, tone, and intent, depending on the context or receiver.

Sales Promotions

Short-term incentives to encourage the purchase or sale of a product or service, including discounts, coupons, contests, and free samples.