The Outlines Who May Access a User's Credit Information, How

question 14

Multiple Choice

The outlines who may access a user's credit information, how users can find out what is in their file, how to dispute inaccurate data, and how long data is retained.

• A) Gramm-Leach-Bliley Act
• B) Fair Credit Reporting Act
• C) Credit CARD Act
• D) Federal Credit Union Act

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Definitions:

Poverty Rate

The proportion of a population living below the poverty line, indicating the percentage of people who cannot afford basic needs like food, shelter, and healthcare.

Upper Two Quintiles

The section of a population that falls into the top 40% in terms of income or wealth distribution, often used in socio-economic analyses.

Income

The money received by an individual or entity in return for their labor, from transfers, or from investments.

Middle Three Quintiles

The middle three quintiles refer to the middle segments of a population when it is divided into five equal parts based on income or wealth, often used to represent the middle class.