Question
In previous eras, it was almost impossible for women and minorities in the United States to get loans from banks and other financial institutions. Which of these was created to help eliminate this discrimination?
(1 point)
Responses
Internal Revenue Service (IRS)
Fair Credit Reporting Act (FCA)
Factual Credit Reward Act (FCRA)
Equal Credit Opportunity Act (ECOA)
(1 point)
Responses
Internal Revenue Service (IRS)
Fair Credit Reporting Act (FCA)
Factual Credit Reward Act (FCRA)
Equal Credit Opportunity Act (ECOA)
Answers
GPT-4o mini
The correct answer is the **Equal Credit Opportunity Act (ECOA)**. This act was established to prevent discrimination in lending based on race, color, religion, national origin, sex, marital status, or age.