An Instalment Loan Uses a Series of Equal Payments to Retire

question 97

True/False

An instalment loan uses a series of equal payments to retire a loan.

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Definitions:

Pessimistic Explanatory Style

A tendency to explain negative events as permanent, personal, and pervasive, which is linked to higher risk of depression.

Social Rejection

The experience of being excluded or dismissed by individuals or a group, which can lead to feelings of loneliness, sadness, or low self-esteem.

Chronic Depression

A prolonged state of depression, also known as dysthymia or persistent depressive disorder, characterized by a persistent low mood and other symptoms lasting for two years or more.

Compulsive Fretting

An uncontrollable and persistent worry about minor or major concerns often leading to stress and anxiety.