The Disadvantage of Using an Interest Only Line of Credit

question 74

True/False

The disadvantage of using an interest only line of credit is the considerably longer time it takes to repay the loan in comparison to a traditional consumer installment loan.

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Definitions:

Freud

Sigmund Freud, an Austrian neurologist and the founder of psychoanalysis, a method for treating psychopathology through dialogue between a patient and a psychoanalyst.

Modeling

The process of learning through the observation and imitation of others' behaviors, attitudes, or emotional expressions.

Social Learning Theorists

Scholars who assert that people learn behaviors, norms, and values primarily through observing and imitating the actions of others.

Film

A series of moving images recorded and presented to create a story, emotion, or new perspective, typically displayed in cinemas or on television.