Under the _____, a Creditor May Not Ask a Credit

question 1

Multiple Choice

Under the _____, a creditor may not ask a credit applicant to state sex, race, national origin, or religion.

• A) Fair Credit and Charge Card Disclosure Act
• B) Equal Credit Opportunity Act
• C) Home Mortgage Disclosure Act
• D) Community Reinvestment Act
• E) Fair Credit Reporting Act

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Definitions:

Purchased Phone

The act of buying a telephone, which could be a mobile or stationary device, for personal or professional use.

Competitive Leverage

The strategic use of advantages or capabilities—such as cost structure, market position, or technological innovation—to outperform competitors in a given market.

Motive

A need or want that is strong enough to cause the person to seek satisfaction.

Locus of Control

A psychological concept referring to an individual's belief about how much control they have over the outcomes of events in their lives.