Subprime Mortgages Were Loans Made to Borrowers with _____ Credit

question 2

Multiple Choice

Subprime mortgages were loans made to borrowers with _____ credit and who, as a result, were charged _____ interest rates.

• A) excellent; low
• B) excellent; high
• C) poor; low
• D) poor; high

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Definitions:

Cultural Goal

The shared aspirations, values, or desired outcomes that are significant within a given culture or social group.

Legitimate Means

Lawful, socially acceptable ways of achieving goals, as opposed to illegal or unethical methods.

Labeling Theory

A perspective in sociology that suggests individuals become deviant as a result of the labels or definitions assigned to them by society.

Deviant

An individual whose behavior, beliefs, or characteristics are considered to deviate from societal norms or values.