A Good Example of an Open-End Credit Is

question 5

Multiple Choice

A good example of an open-end credit is

• A)the use of a bank credit card to make a purchase.
• B)the mortgage loan from a savings and loan institution.
• C)automobile loan from a credit union.
• D)installment loan from a furniture store.
• E)installment loan for purchasing a major appliance.

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Definitions:

Pleasure Principle

A psychoanalytic concept describing the driving force behind human behavior to seek pleasure and avoid pain, primarily associated with the id.

Secondary Process

A term from psychoanalytic theory referring to the rational and conscious thought processes that are involved in problem solving and decision making.

Primary Process

A mode of thinking primarily associated with the unconscious and characterized by the free and associative flow of thoughts and impulses.

Rational

Pertains to the quality of being based on or in accordance with reason or logic; thinking and acting sensibly and logically.