What Is a Condition to Most Pay-Day Loans

question 38

Multiple Choice

What is a condition to most pay-day loans?

• A) That the borrower pay 75% interest
• B) That the borrower agree to some type of collateral
• C) That the borrower agree to give the lender access to the borrower's checking account
• D) That the borrower waive the right to litigation

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Definitions:

Acceptance Sampling

A statistical quality control method that involves inspecting a random sample of goods to decide whether the entire batch meets specified criteria.

Predetermined Standards

Benchmarks or criteria established before the start of a process or project to guide performance and outcomes.

P-Chart

A quality control chart that is used to control attributes.

Process Sampling

The technique of selecting a sample of elements from a process for analysis, to determine the quality or performance of the process.