Knowledge, Skills, and Experience That Make an Individual More Productive

question 32

Multiple Choice

Knowledge, skills, and experience that make an individual more productive and able to earn a higher income are known as:

• A) mental capital.
• B) human capital.
• C) sweat equity.
• D) intangible capital.

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Definitions:

Low Down-payment Loans

Loan types that require a smaller initial payment from the borrower, often used in the context of home mortgages.

Interest Rate Policy

A component of monetary policy, often set by a central bank, that determines the level of interest rates to influence economic activity.

Federal Regulations

Rules set by the federal government to control and guide the practices of businesses, individuals, and other organizations within the country.

Mortgage Lending Standards

Criteria used by banks and financial institutions to determine the eligibility of borrowers for a mortgage.