A Single-Payment Loan Is Advantageous Only If

question 39

Multiple Choice

A single-payment loan is advantageous only if

• A)the interest rate is less than on an installment loan.
• B)funds will be available to repay the lump sum.
• C)figured with the discount method.
• D)figured with the simple interest method.
• E)it is unsecured.

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Definitions:

Cognitive Processes

Mental activities and operations that involve the acquisition, storage, manipulation, and retrieval of information.

Behaviorist Period

A phase in the development of psychology that emphasizes the study of observable behaviors over internal phenomena such as feelings and thoughts.

Cognition

The intellectual activity involved in learning and understanding through reasoning, personal experiences, and sensory input.

Experimental Method

A scientific approach to research in which the researcher manipulates one variable to observe its effect on another variable, typically while controlling other factors.