International Baccalaureate (IB) Practice Exam

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Prepare for the International Baccalaureate Exam with comprehensive quizzes including multiple choice questions and detailed explanations to boost your confidence. Hone your skills with our expertly crafted materials!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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Under the FCRA, can any person check a person's credit information without a legitimate need?

True.
False.

The correct answer is: False.

Under the Fair Credit Reporting Act (FCRA), access to an individual's credit information requires a legitimate purpose. This regulation is designed to protect the privacy of consumers and ensures that credit information is used only for specific and authorized purposes, such as applying for credit, employment screenings, or renting housing. Therefore, without a legitimate need, it is prohibited for any individual or entity to access another person's credit information. This framework establishes safeguards to prevent misuse and unauthorized access to sensitive financial data, aligning with consumer protection principles.