1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
borishaifa [10]
3 years ago
13

What is the practice of banks and mortgage lenders identifying high-risk areas (usually low-income or minority neighborhoods) an

d either refusing mortgages to applicants from those neighborhoods or offering loans at prohibitively high rates?
Business
1 answer:
Bogdan [553]3 years ago
4 0

Answer:

redlining

Explanation:

Redlining is an illegal banking practice that focuses on neighborhoods that are mostly inhabited by minorities. The term redlining itself comes from the practice of marking neighborhoods on city maps with red lines to represent them as dangerous both for banking purposes and high crime rates.

Banks cannot directly deny a credit based on where you live, but they can charge very high interest rates that make them very difficult to pay, or simply ask for a lot of paperwork and more requirements than usual.

You might be interested in
A financial advisor has heard from a relative of nr industries inc.'s ceo that the company is planning to shut down its operatio
kolezko [41]

This would be a case of insider trading, meaning that the trader (the financial advisor) has information that is not public that will affect the future performance of the company. If the advisor acts on this early information and profits, then this could be considered illegal.

3 0
3 years ago
Claudia is hired as a Senior Engineer by Hexagon Inc. Allen, the HR Manager of the company, promises her that she will start wor
algol13

Answer:

d. Hexagon Inc. cannot be challenged in a court even when it fails to follow up on its promises.

5 0
3 years ago
Rose decides she wants to begin her own business, marketing toward online game players. Which of the following best answers the
marta [7]
The best option is B Paint Space game Online character portraits to sell on her website.

Rose decides she wants to begin her own business, marketing toward online game players. The statement which best describe the economic question What to produce is Paint Space game Online character portraits to sell on her website.

3 0
3 years ago
How might a person’s place in the life cycle influence investment decisions?
vfiekz [6]

Answer:

Student responses will vary, but should include: A young investor has years of earning power and can take greater risks because he/she has time to make-up for losses. An older investor needs more security and current income from their investments because they are using it to retire on or they need it to continually grow so that they can retire.

Explanation:

3 0
3 years ago
The three major economic impacts of tourism are. a.Cultural facilities, infrastructure, and employment b.Employment, income, and
Mekhanik [1.2K]

Answer:

a.Cultural facilities, infrastructure, and employment

Explanation:

4 0
3 years ago
Read 2 more answers
Other questions:
  • A merchandiser has sales discounts forfeited of​ $600, cost of goods sold of​ $13,000, and other expenses of​ $4,100. The mercha
    13·1 answer
  • Sonia goes to have her hair trimmed and agrees to pay $40 to the stylist. while there, sonia decides that she would also like hi
    11·1 answer
  • For each item described: Identify the type of account (Asset, Liability, Equity, Revenue or Gain, Expense or Loss), normal balan
    8·1 answer
  • Suppose a security has a bid price of $100 and an ask price of $100.12. At what price can the market-maker purchase a security?
    5·1 answer
  • ShipCo. produces storage crates that require 1.2 meters of material at $.85 per meter and 0.1 direct labor hours at $15.00 per h
    7·2 answers
  • Market inefficiencies created by government policies are known as
    15·1 answer
  • The management of Stanforth Corporation is investigating automating a process. Old equipment, with a current salvage value of $2
    12·2 answers
  • Flagstaff Company has budgeted production units of 7,900 for July and 8,100 for August. The direct materials requirement per uni
    15·1 answer
  • The management of Featheringham Corporation would like to investigate the possibility of basing its predetermined overhead rate
    6·1 answer
  • A company uses the weighted average method for inventory costing . At the beginning of a period the production department had un
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!