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Redlining, a Process Whereby Financial Institutions Exploit Poor People, Refers

Question 3

Multiple Choice

Redlining, a process whereby financial institutions exploit poor people, refers to:


A) Requiring higher minimum checking account balances of banking clients considered to be "high -risk"
B) Charging exorbitant fees for cashing payroll checks
C) Refusal to lend money for mortgages or home improvements based on the home's location in an undesirable neighborhood
D) Refusal of locate banks and credit unions in low income areas

Correct Answer:

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