Accredited Mortgage Professional (AMP) Exam 2025 – 400 Free Practice Questions to Pass the Exam

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Which act prohibits companies from exploiting multiple employers for benefits?

Sherman Antitrust Act

The Sherman Antitrust Act is designed to promote fair competition and prohibit monopolistic practices in the marketplace. One of its primary objectives is to prevent companies from engaging in activities that restrict competition or exploit consumers and other businesses. By prohibiting conspiracies and practices that fix prices or manipulate market conditions, the Act helps safeguard the interests of multiple employers against exploitation in terms of benefits or services.

In the context of benefiting multiple employers, the Sherman Antitrust Act recognizes the importance of maintaining a competitive environment in which no single company can exploit its position to the detriment of others. This is particularly relevant in scenarios involving collaboration or interactions among different businesses that might otherwise lead to anti-competitive outcomes, negatively impacting employers and employees alike.

Other options focus on specific areas of finance or consumer protections but do not specifically address the exploitation of employers in a competitive market context. For instance, the Truth in Lending Act focuses on lending practices and transparency, while the Equal Credit Opportunity Act ensures non-discriminatory lending practices. The Consumer Financial Protection Act establishes various consumer protections but does not directly involve the prevention of exploitation among employers.

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Truth in Lending Act

Equal Credit Opportunity Act

Consumer Financial Protection Act

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