The Equal Credit Opportunity Act (ECOA) provides that
A)
minorities and women be given special consideration in granting credit.
B)
individuals cannot be denied credit because of gender or minority status.
C)
the Federal Government guarantees loans made to minorities and women to encourage lending by financial institutions.
D)
financial institutions must meet a federal quota for loans to minorities and women, or lose federal deposit insurance protection.
B
You might also like to view...
By law, U.S. courts can be discretionary while accepting an arbitrator's decision in patent disputes
Indicate whether the statement is true or false
A ________ is a three-party instrument that is an unconditional written order by one party that orders a second party to pay money to a third party
A) draft B) promissory note C) certificate of deposit D) lease
Newly formed teams should spend time discussing how they will operate, addressing all of the following questions except:
A) What if someone misses a deliverable or team meeting? What are the consequences? B) What should we do if someone needs help completing a task? C) How should we handle conflict? D) Which decisions will be most important for the team and how should the team make those decisions? E) What should the final product look like?
Lakatos Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs:Costs: Wages and salaries$420,000Depreciation 240,000Occupancy 220,000Total$880,000The distribution of resource consumption across the three activity cost pools is given below: Activity Cost Pools?AssemblySetting UpOtherTotalWages and salaries10%75%15%100%Depreciation5%50%45%100%Utilities30%35%35%100%How much cost, in total, would be allocated in the first-stage allocation to the Fabricating activity cost pool?
A. $132,000 B. $120,000 C. $264,000 D. $88,000