Questions About Employment History on a Loan Application Are Used

question 154

Multiple Choice

Questions about employment history on a loan application are used to prevent

• A) moral hazard.
• B) adverse selection.
• C) market signaling.
• D) risk aversion.

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Definitions:

Sigmund Freud

Originating from Austria, this neurologist launched psychoanalysis, a therapeutic technique that addresses mental illnesses through discussions between a psychoanalyst and their patient.

Biopsychosocial Approach

An integrated perspective that considers biological, psychological, and social factors and their complex interactions in understanding health, illness, and health care delivery.

Genetic Predispositions

Predetermined tendencies for certain conditions or traits that are transmitted from parents to offspring through DNA.

Mental Processes

Internal cognitive operations that include thinking, perceiving, problem-solving, and information processing.