The Principal Purpose of the Fair Credit Reporting Act (FCRA)

question 49

True/False

The principal purpose of the Fair Credit Reporting Act (FCRA) is to ensure that information concerning a person's credit background supplied to her creditors is both up-to-date and accurate.

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Definitions:

Nature/Nurture Debate

The ongoing discussion concerning the relative importance of an individual's inherited traits (nature) versus environmental influences (nurture) in determining personality, behavior, and intelligence.

Psychological Studies

Academic and empirical research focused on understanding human behavior and mental processes.

Improving Memory

The process of enhancing the ability to remember through various techniques and strategies, such as mnemonic devices, repetition, and proper nutrition.

Structuralism

An approach to psychology based on the idea that conscious experience can be broken down into its basic underlying components.