Which of the Following Is NOT a Factor in Causing

question 23

Multiple Choice

Which of the following is NOT a factor in causing a property to become distressed:

• A)Borrower's personal debts
• B)Delinquent property taxes
• C)Delinquent homeowner's insurance bill
• D)Borrower's inability to make mortgage payments

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Definitions:

Prospect Theory

A behavioral economic theory that describes how people choose between probabilistic alternatives that involve risk, where the probabilities of outcomes are unknown.

Behavioral Economists

Scholars examining how psychological, cognitive, emotional, cultural, and social influences affect the financial choices of individuals and organizations.

Gains

Increases in economic benefits, such as profits, revenue, or utility.

Losses

Negative financial results from business operations, where expenses exceed revenues.