1. Which of the following is an example of overt discrimination, disparate treatment, or disparate impact? Explain
A) Two customers are applying for the same type of loan. One customer is encouraged to apply, while the other is not given the same encouragement. The only difference seems to be the custoners sex.
B). A 19 yr old women is applying for a unsecured loan at a bank in a state where the age of majority is 18 years. The lender mentions that although the financial dos make unsecured loans, it perfers a cosigner if the customer is less then 21 yrs old
C) A bank has a predominantly Chinese customers base and provides literature in Mandarin only. The bank also serves a large African American community.
2. You want to purchase a totally restored "Smokey and the Bandit" TransAm at a cost of $50,000. You plan on paying 10% down and financing the balance over 4 years at 5.6% with monthly payments. What is your monthly payment?
$2,718.85
$627.44
$12,500
$1,048.59