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Because of the DSM's powerful influence, it is important to be aware of its limitations. Analyze the four limitations discussed in the textbook:
-the danger of overdiagnosis;
-the power of diagnostic labels;
-the confusion of serious mental disorders with normal problems;
-the illusion of objectivity.
Insufficient Credit
A condition where an individual or entity lacks the necessary borrowing capacity due to limited credit history or poor credit ratings.
Open Charge Account
A type of credit account that allows customers to make purchases up to a pre-approved limit and pay for them at a later date.
Installment Account
A credit account where the borrower repays the principal and interest in regular, scheduled payments.
Line of Credit
A flexible loan arrangement with a financial institution that allows a borrower to draw funds up to a specified limit as needed.
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