A Prearranged Loan Up to a Specified Amount That a Consumer

question 152

Multiple Choice

A prearranged loan up to a specified amount that a consumer can access by writing a special check is known as

• A) A bank credit card.
• B) A revolving check credit.
• C) Installment sales credit.
• D) Single lump-sum credit.
• E) Closed-end credit.

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Definitions:

Weakens

To diminish in strength, effectiveness, or power.

Primary Reinforcement

A stimulus that satisfies a basic biological need and inherently reinforces a behavior, such as food for hunger.

Continuous Reinforcement

A schedule of reinforcement in which every correct response is reinforced, leading to rapid learning but also rapid extinction of the behavior once reinforcement ceases.

Secondary Reinforcement

A process wherein a stimulus reinforces a behavior because it is associated with a primary reinforcer (e.g., praise that becomes rewarding because it is linked to receiving a physical reward).