If the Add-On Method Is Used to Calculate a Finance

question 21

True/False

If the add-on method is used to calculate a finance charge of $100.80 on a $1,800 loan,the amount to be repaid is $1,900.80.

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Definitions:

Intermittent Reinforcement

A conditioning schedule in which a behavior is rewarded or punished at irregular intervals, making the response more resistant to extinction.

Socialization

The process by which individuals learn and adopt the norms, values, and behaviors appropriate to their society or social group.

Operant Conditioning

A learning process through which the strength of a behavior is modified by reward or punishment.

Habituation

Getting used to something in the environment and not responding as strongly anymore.