The ________ Act is a federal statute that prohibits discrimination in the extension of credit based on sex, marital status, race, color, national origin, religion, age, or receipt of income from public assistance programs.
A. Fair Debt Collection Practices
B. Equal Credit Opportunity
C. Fair Credit Billing
D. Truth-in-Lending
Answer: B
You might also like to view...
Are public employers legally obligated to provide health insurance to employees?
What will be an ideal response?
If merchandise is sold for $100 with credit terms of 2/10, n/30 and cash is received within the discount period, the journal entry would require a:
a. debit to cash for $98. b. debit to cash for $100. c. credit to sales discount for $2. d. credit to accounts receivable for $98.
Which of the following is an example of an ad valorem tariff?
A) A 15% tariff on the value of a shipment of t-shirts B) A $10 tariff on each barrel of petroleum C) A 20% discount on the value of peaches delivered in October, November, or December D) None of the above
Horizontal analysis is a percentage method of analyzing financial statements whereby each item on the statement is expressed as a percentage of a base amount. For balance sheets, the base is assets, and for income statements, the base is net sales.?
Indicate whether the statement is true or false