Which of the Following Is a Feature of a Home

question 46

Multiple Choice

Which of the following is a feature of a home equity loan?

• A) The interest rate on a home equity loan is higher than that on other loans.
• B) The interest paid on a home equity loan is usually tax deductible.
• C) A home equity loan is generally the first mortgage loan.
• D) A home equity loan is a single-payment loan.
• E) A home equity loan is an unsecured loan.

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Definitions:

Cohesive

The degree to which members of a group are attracted to, and motivated to remain part of, that group, often leading to increased solidarity and group effectiveness.

Groupthink

A psychological phenomenon occurring within a group of people, where the desire for harmony or conformity results in an irrational or dysfunctional decision-making outcome.

Shared Information Bias

A tendency in group decision-making processes to disproportionately discuss information that all members are already familiar with, rather than considering new or unknown information.

Cross-cueing

A mechanism where the presence of one stimulus or cue enhances the recognition or recall of another related cue.