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Frank buys his daughter a computerized toy that is teaching her to read.As she reads the text of a book,the computer asks her questions,which she answers by pointing to the answers with a specialized stylus.If she gets the answers correct,the computer applauds.If she gets the answer wrong,the computer beeps.This toy is analogous to ____.
Next of Kin
A person's closest living blood relative or relatives who may have legal duties or responsibilities for them in certain circumstances.
TILA (Truth in Lending Act)
A United States federal law designed to protect consumers in their dealings with lenders and creditors by requiring clear disclosure of key terms of the lending arrangement and all costs.
Promissory Note
A written, legally binding agreement in which one party promises to pay another a specified sum of money at a specified time.
Security Interest
A legal claim or right on collateral granted to a lender, ensuring the collection of a debt or obligation.
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