Alejandro Is in Therapy to Learn How to Cope with His

question 65

Essay

Alejandro is in therapy to learn how to cope with his snake phobia. Alejandro's counselor is slowly getting him ready for the day when he can be in the same room as a snake without experiencing significant distress. What is the treatment for phobias called that attempts to reduce fear in small steps?

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Definitions:

Annuity

A financial product that pays out a fixed stream of payments to an individual, typically used as an income stream for retirees.

Par Value

The stated value of a bond or stock by the issuing entity, which may not mirror its actual value in the market.

Periodic Interest Payments

Regular payments made to a lender by a borrower, covering the interest incurred on the borrowed funds.

Installment Note

A debt that requires regular payments, or installments, of principal and interest until it is paid off.