The Main Advantage of Using Credit Cards for Financing Is

question 106

True/False

The main advantage of using credit cards for financing is the relatively low interest rate compared to bank loans.

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Definitions:

Permanent Behavior Change

A lasting modification of behavior patterns, often as a result of intervention or significant life events.

Operant Conditioning

A learning process in which the likelihood of a behavior is increased or decreased through rewards or punishments.

Skinner

B.F. Skinner, a prominent psychologist known for his work in behaviorism and development of the theory of operant conditioning.

Pavlov

A Russian physiologist best known for his discovery of classical conditioning, where an unconditioned stimulus is paired with a conditioned stimulus to produce a conditioned response.