Which of the Following Is NOT Characteristic of the Consumer

question 28

Multiple Choice

Which of the following is NOT characteristic of the consumer loans at U.S.banks?

• A)Non revolving consumer loans is the largest class of loans.
• B)Credit card loans often have default rates between four and eight percent.
• C)Usury ceilings affect the rate structure for consumer loans.
• D)Consumer loans differ widely with respect to collateral, rates, maturity, and noninterest fees.
• E)Revolving consumer loans include new and used automobile loans, mobile home loans, and fixed-term consumer loans.

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Definitions:

Schema

An organized framework for representing knowledge that typically includes characters, plots, and settings and incorporates both general knowledge about the world and information about particular events. See also script and story grammar.

Classical

Often referring to classical conditioning, a learning process that occurs through associations between an environmental stimulus and a naturally occurring stimulus.

Family Resemblance

The concept of how members of a category share certain characteristics, though there may be no single characteristic common to all.

Mental Representation

Internal, mental symbols, concepts or ideas that stand in for objects, actions, or conditions in the external world, facilitating cognitive processes.