Which of These Is the Best Description of a No

question 10

Multiple Choice

Which of these is the best description of a no documentation home mortgage?

• A)A loan made without verifying a borrower's character references or credit rating
• B)A loan made without documentation of a borrower's citizenship status or employment
• C)A loan made without documentation of a borrower's employment
• D)A loan made without verifying the income or assets of the borrower

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Definitions:

Spearman's Concept

Refers to Charles Spearman's theory of general intelligence ('g'), suggesting that individual cognitive abilities are expressions of a single, underlying intelligence factor.

Crystallized Intelligence

The ability to use learned knowledge and experience effectively.

Standard IQ

represents a measure of an individual's intelligence quotient, calculated based on standardized tests, adjusted to have a mean of 100 and a standard deviation.

Poor Reliability

The lack of consistency in the outcomes of a measure or test over time.