Which of the Following Is an Important Aspect of the Loan

question 15

Multiple Choice

Which of the following is an important aspect of the loan refinance decision process?

• A)Terms associated with the existing loan
• B)Terms of the new loan
• C)Fees associated with paying off the old loan and/or acquiring the new loan
• D)All of the above

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Definitions:

Spontaneous Recovery

A phenomenon of learning and memory that refers to the reemergence of a previously extinguished conditioned response after a period of rest and with no further conditioning.

Extinction

In behavior psychology, the process of reducing or eliminating a conditioned response by discontinuing reinforcement.

Stimulus Generalization

The psychological phenomenon where a response learned for one stimulus is involuntarily elicited by similar stimuli.

Higher-Order Conditioning

A form of learning in which a stimulus is paired with a previously conditioned stimulus, creating the same conditioned response without directly being paired with the unconditioned stimulus.