Which of the Following Is FALSE Regarding a Construction Loan

question 11

Multiple Choice

Which of the following is FALSE regarding a construction loan?

• A)It usually has a lower rate than does permanent financing
• B)It is also known as an interim
• C)Hard costs can usually be financed
• D)The entire land cost cannot usually be financed

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Definitions:

Behaviourism

A school of psychology that focuses on observable behavior rather than mental states, emphasizing the environmental influences on behavior.

Objectively Observed

The practice of measuring or noting phenomena without bias or influence from the observer's personal feelings or predispositions.

Psychologists

Professionals in the field of psychology who study mental processes and behavior.

Unconscious Motivations

Drives and desires that influence behavior without an individual's conscious awareness, often explored in psychoanalytic theory.