A Bank Would Like to Obtain Information Regarding the Credit

question 26

Multiple Choice

A bank would like to obtain information regarding the credit history of applicants as well as their lifestyle and spending habits.What should the bank do to obtain this information?

• A)The bank cannot obtain this information because it is illegal to check the credit of job applicants.
• B)The bank should just ask friends and relatives of the applicants.
• C)The bank should obtain the information through a third-party investigation.
• D)The bank should contact a credit reporting agency without notifying the applicants that their credit is being checked.
• E)The bank should contact a credit reporting agency and notify the applicants that their credit is being checked.

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Definitions:

High School Graduates

Individuals who have completed the required curriculum and examinations of secondary education, receiving a diploma or certificate of completion.

Cognitive-Affective Complexity

A form of mature thinking that involves emotional awareness, the ability to integrate and regulate intense emotions, and the recognition and appreciation of individual experience.

Reflective Judgment

The process of thinking critically about one's beliefs and knowledge, often leading to deeper understanding or reassessment of viewpoints.

First Generation College Students

Individuals who are the first in their families to attend college, often facing unique challenges in navigating the higher education system.