Which of the Following Statements Regarding a Consumer Loan Is

question 2

Multiple Choice

Which of the following statements regarding a consumer loan is true?

• A)A consumer loan is used chiefly to make repeated purchases of relatively low-cost goods and services.
• B)A consumer loan results from a rather informal process and involves no negotiated contracts.
• C)A consumer loan provides credit cards and checks to the consumers.
• D)A consumer loan provides revolving credit to the consumers.
• E)A consumer loan is used to finance the purchase of very expensive items.

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Definitions:

Subconscious Motives

Refers to underlying emotional or psychological impulses that influence behavior but are not consciously recognized by the individual.

Personality Psychology

Area of psychology in which the psychologists study the differences in personality among people.

Trait Perspective

A psychological viewpoint that emphasizes the description and measurement of consistent personality characteristics, or traits, as the primary means of understanding individual differences.

Other Perspectives

Other perspectives involve considering alternative viewpoints or approaches to understanding concepts, problems, or situations.