Which of the Following Statements About the Big Five Model

question 31

Multiple Choice

Which of the following statements about the Big Five model of personality is FALSE?

• A) These five personality traits are largely uncorrelated with one another.
• B) As people age, they tend to become more neurotic.
• C) All personality attributes should be significantly correlated with at least one of the Big Five personality traits.
• D) As people age, they tend to become more agreeable.
• E) Factor analysis led to the emergence of the five underlying personality traits.

Understand the characteristics and behaviors of different credit card users.

Learn about critical federal acts protecting consumer rights in the credit market.

Understand the 5 Cs of credit and their importance in credit decisions.

Identify different types of credit and distinguish between open-end and closed-end credit.

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Definitions:

Revolving Line

A type of credit facility that allows a borrower to withdraw, repay, and re-borrow funds up to a specified credit limit.

Commitment Fee

A charge imposed by a lender on a borrower for not utilizing a credit line or for funds that have not been disbursed.

Revolving Credit

A flexible credit line that allows individuals or businesses to borrow, repay, and borrow again up to a certain limit, commonly seen in credit cards and lines of credit.

Interest Expense

It refers to the cost incurred by an organization or individual for borrowing funds, typically represented as a yearly interest rate applied to the loan's principal amount.