Discrimination in the Lending Institutions Includes All of the Following

question 17

Multiple Choice

Discrimination in the lending institutions includes all of the following EXCEPT:

• A) Denying loans on the basis of the applicant's race or the racial composition of the neighborhood
• B) Decisions by lenders about where to place their offices
• C) Racial differencing in coaching customers on how to get a loan and other information
• D) Denying loans based on the person's credit history or income

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Definitions:

Taxable Income

The portion of an individual's or business's income that is subject to income tax, after exemptions and deductions.

Taxable Income

The amount of an individual's or entity's income used to determine how much tax is owed, calculated as gross income minus deductions and exemptions.

Monthly Salary

The amount of money an employee is paid each month for their job performance, not including bonuses or overtime pay.

Net Pay

The amount of an employee's earnings after all deductions, such as taxes and retirement contributions, have been removed.