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BabaBlast [244]
3 years ago
12

All of the following make up the big three credit reporting agencies EXCEPT:

Business
2 answers:
Rudiy273 years ago
4 0

The <u>Federal Reserve</u> is not a credit reporting agency. This also implies the correct answer is D.

The Federal Reserve is the America central bank while a credit reporting agency refers to a business that keeps individuals or businesses credit information. The top credit reporting agencies include Equifax, Transunion, and Experian

<h2>Further Explanation</h2>

Federal Reserve is considered the most powerful sector in the US; it is a major player in controls of the world money.

The Federal Reserve is comprised of two components, which include

  1. The board of governors
  2. The federal open market committee

The functions performed by the board of governors include

  • It sets reserve requirement for banks
  • It has a total of 7 members
  • It controls monetary policy
  • It sets the discount rate

The federal open market committee performs the following functions:

  • It controls the operation of the open market
  • It set the target for fed fund rate

In General, the Federal Reserve System has some core functions and these include:

  • It controls the affairs of the banking
  • It manages inflation

However, some of the functions of credit reporting agencies include:

  • Maintaining credit information
  • They give credit report
  • They also calculate credit scores.

The three largest credit reporting agencies include

  1. Equifax
  2. Transunion
  3. Experian

LEARN MORE:

  • credit scores brainly.com/question/1297234
  • credit reporting agencies brainly.com/question/5637468

KEYWORDS:

  • credit scores
  • agencies
  • federal reserves
  • banks
  • united states
labwork [276]3 years ago
3 0
<span>The Federal Reserve is not a credit reporting agency. It is the main banking system in America, created in the 1910s. Credit reporting agencies work with banks such as the Federal Reserve to help the bank - or another type of business - decide whether a person they lend money to will be able to pay it back.</span>
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A learning rate of 0.9 means each __________ of the cumulative output reduces unit costs by __________.
lyudmila [28]

Answer:

b. 10% doubling

Explanation:

Options are <em>"a. tripling, b. 10% doubling, c. 90% tripling, d. 90% doubling, e. 10%"</em>

In this question, 90%(0.9) learning rate means that (1-0.9)10% unit of input is reduced each time the production is doubled. In a nutshell, the learning curve percentage represents the proportion by which the amount of an input per unit of output is reduced each time production is doubled.

4 0
3 years ago
Knowles &amp; Foreman Company took the following data from its income statement at the end of the current year:Per-unit product
Slav-nsk [51]

Answer:

d. 1,680 units

Explanation:

7 0
3 years ago
Effect of transactions on cash flows
kirill115 [55]

Solution :

            EFFECT                          AMOUNT ($)

a.   Cash payment                       $510,000

b.   Cash receipt                          $600,000

c.   Cash receipt                          $72,400

d.  Cash payment                        $825,000

e.  Cash payment                        $30,000

f.   Cash receipt                           $390,000

g. Cash payment                         $225,000

h. Cash payment                         $1475000    

8 0
3 years ago
Which action will be least helpful if you’ve been the victim of identity theft?
lina2011 [118]

<u>Ordering your latest credit report</u> is the action that appeared to be the least helpful if you’ve been the victim of identity theft. Therefore, <u>the correct answer is D. </u>

If anyone has been a victim of identity theft, then it is important for such a person to officially report or contact any of the credit reporting companies to place a fraud alert on their credit report.

<h2>Further Explanation</h2>

Identity theft is when someone intentionally steals your information and uses such information without taking your permission. In the US, identity theft has become a booming business for fraudsters

In the US, 15.4 million Americans were a victim of theft, also identity theft tops complain of the consumer to the Federal trade commission. Regardless of how careful you seem to be, you can still fall victim to identity theft.

If you are a victim of identity theft, there are things you do immediately.

Some of the steps you can take to prevent an identity thief to further commit fraud with your details include

  1. Report any issues concerning identity theft to the federal trade commission (FTC)
  2. Ensure you clean up your entire account
  3. Immediately contact the credit Report Company and officially place a fraud alert
  4. In case of Tax-related identity theft, report to the IRS
  5. Place a block on your credit report
  6. Contact the company or the backs where the fraud occurred.

LEARN MORE:

  • Which action will be least helpful if you've been the victim of identity theft  brainly.com/question/1359436
  • Which action will be least helpful if you’ve been the victim of identity theft brainly.com/question/3968427

KEYWORDS:

  • victim
  • identity theft
  • irs
  • fraud
  • companies
  • account
5 0
3 years ago
Read 2 more answers
Monetary policy could be procyclical if the Federal Reserve: a) is late recognizing that a recession has begun and conducts expa
gladu [14]

A) is late recognizing that a recession has begun and conducts expansionary monetary policy.

6 0
4 years ago
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