Which of the following reasons for denying an applicant a loan is a violation of fair lending laws, such as ECOA?
a. The applicant's income does not meet the required level for repayment of the loan
b. The applicant's age is below the minimum age for executing a contract
c. The applicant's recent marital status may lead to a change in employment
d. The applicant's credit history includes defaults on many credit payments
Ans: c. The applicant's recent marital status may lead to a change in employment
Business
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Suppose that in 2015, a $10 silver certificate from 1898 sold for $11,700. For this to have been true, what would the annual increase in the value of the certificate have been?
a. 6.22 % b. 6.01% c. 7.23% d. 6.49% e. 7.07%
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Tariffs and quotas are examples of export controls
Indicate whether the statement is true or false
Business