Marcela Earned a C in ECON 101

question 23

Multiple Choice

Marcela earned a C in ECON 101. She predicts that she will earn a B in ECON 102 next semester because she will be taking fewer credit hours and she will have a new tutor. Marcela's prediction is consistent with _____ expectations.

• A) neutral
• B) adaptive
• C) consistency
• D) rational

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Definitions:

Purchase Money Security Interest

A legal claim that allows a lender to repossess or foreclose on property if the borrower fails to pay back a loan used to purchase the property.

Collateral

An asset that a borrower offers to a lender to secure a loan, which the lender may seize if the borrower fails to repay the loan.

Perfected Security Interest

A perfected security interest is a legal claim or lien on collateral that has been publicly filed or registered, ensuring priority over others in the event of debtor default.

Financing Statement

A document filed to indicate a security interest in personal property, used to secure or claim debts.