To Compensate for High Default Risk, Payday Lenders Rely On

question 77

Multiple Choice

To compensate for high default risk, payday lenders rely on:

• A)credit scoring and very high interest rates.
• B)post-dated checks and very high interest rates.
• C)very high collateral.
• D)very high interest rates and threats to defaulters.

Understand the components and importance of active listening.

Comprehend the basics of the communication model and its elements.

Understand the basic concepts and differences between self-esteem, self-presentation, and narcissism.

Recognize the impact of self-esteem on social behaviors and relationships.

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Definitions:

Attribution Theory

A psychological framework that explains how individuals infer the causes of their own and others' behaviors, attributing them to internal dispositions or to external situations.

Social Phenomena

Behaviors, patterns, or events that influence or are influenced by individuals within a society.

Cognitive Dissonance

A mental discomfort experienced by an individual who holds two or more contradictory beliefs, ideas, or values at the same time.

Rationalize

The act of justifying behaviors or decisions with logical reasons, often after the fact, to make an action or belief appear more acceptable.