A Home Equity Loan Is a Good Source of Credit

question 36

True/False

A home equity loan is a good source of credit for daily expenses.

---

Definitions:

Relative Deprivation

A sense of dissatisfaction or resentment that arises from the belief that one is worse off compared to others in a similar situation or compared to societal norms.

Happiness Set Point

The theory suggesting individuals have a baseline level of happiness which, despite changes or life events, tends to return to its original level.

Adaptation-Level

A theory suggesting that people adapt to new stimuli and events, eventually perceiving them as normal and using this new norm as a baseline for future judgments.

Emotional Satisfaction

A state of contentment and fulfillment derived from emotional experiences.