A lender will take certain factors into consideration when deciding whether to grant a borrower a mortgage loan. Which of the following is a violation of the Equal Credit Opportunity Act (ECOA)?
A) The marital status of the borrower
B) The creditworthiness of the borrower
C) The amount of the borrower's income
D) The ability of the borrower to make the payments
Answer: A) The marital status of the borrower
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Which of the following must be considered in estimating depreciation on an asset for an accounting period?
a. The original cost of the asset b. Its useful life c. The decline of its fair market value d. Both the original cost of the asset and its useful life.
The perceived cost of a purchase decision includes each of the following, except:
A) the actual price or cost of the product B) the subjective costs associated with the search C) the economic conditions of the area D) the opportunity costs of foregoing other activities to make the search