Heather Borrows Money from a Business That Specialises in Short

question 30

Multiple Choice

Heather borrows money from a business that specialises in short term 'pay day' loans.The loan will be regulated by the National Credit Code if:

• A)the fees and charges exceed 5% of the loan.
• B)the interest exceeds 24% per annum.
• C)Heather agrees to repay the loan through a direct debit from her weekly pay.
• D)A and B occur
• E)A,B and C occur.

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Definitions:

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A discussion about the significance of inborn characteristics versus the influence of life experiences in shaping physical and behavioral differences in individuals.

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Construct Validity

The extent to which a test measures what it claims to measure, demonstrating that the construct is accurately represented.