The Average Time It Takes for a Mortgage in a Pool

question 12

Multiple Choice

The average time it takes for a mortgage in a pool to be paid off is referred to as which one of the following?

• A) average amortized period
• B) seasoned period
• C) maturity life
• D) average life
• E) normal pool life

---

Definitions:

Organizations

Entities comprising multiple people, such as businesses or charities, that work towards a common goal through structured coordination.

Continuous Reinforcement

A learning process in which a behavior is reinforced each time it is exhibited, ensuring the behavior is learned quickly.

Behavior

How a person or an animal acts or reacts due to influences from the environment or internal conditions.

Oral Reprimands

Verbal corrections or scoldings given by a superior to an employee or subordinate as a form of disciplinary action.