Under the Fair Credit Reporting Act, a Consumer Who Has

question 47

Multiple Choice

Under the Fair Credit Reporting Act, a consumer who has been denied credit:

• A) cannot compel the credit reporting agency to delete any inaccurate or obsolete information from the file.
• B) is entitled to disclosure of the name and address of the credit reporting agency that made the report.
• C) can compel the credit reporting agency to delete disputed information without an investigation.
• D) is not entitled to a reinvestigation of the disputed information in the report made by the credit reporting agency.

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Definitions:

Demand Function

A mathematical representation showing the relationship between the quantity of a good that consumers are willing to buy and its price, along with other factors like income and prices of related goods.

Price Elasticity

The measure of how much the quantity demanded of a good responds to a change in the price of that good.

Marginal Cost

The additional charge associated with manufacturing an extra unit of a product or service.

Fixed Costs

Costs that do not vary with the level of output or production, such as rent, salaries, and insurance premiums.