Choose the One Most Appropriate Answer for Each

question 53

Multiple Choice

Choose the one most appropriate answer for each.
-the annual percentage rate as calculated under the federal Truth-in-Lending Act by combining the interest rate with other costs of the loan

• A)APR
• B)cash value
• C)credit report
• D)credit scoring
• E)equity
• F)exempt transactions
• G)Fair Credit Reporting Act
• H)Federal Consumer Credit Protection Act
• I)finance charge
• J)illiquid assets
• K)liquid assets
• L)loan-to-value ratio
• M)redlining
• N)Regulation Z
• O)right to rescission
• P)settlement funds
• Q)subprime loans
• R)Truth-in-Lending Act
• S)TILSRA
• T)trigger term

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Definitions:

Groupthink

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

Fundamental Attribution Error

The tendency to overestimate the effect of personality or disposition and underestimate the effect of the situation in explaining social behavior.

Self-Serving Bias

A common tendency for individuals to attribute their successes to internal factors while blaming external factors for their failures.

Indoctrination

The process of teaching a person or group to accept a set of beliefs uncritically.