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Paying a Loan Ahead of Schedule Is One Way to Build

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Paying a loan ahead of schedule is one way to build a good credit rating.


Definitions:

Dependent Variables

In an experimental setting, these are outcomes or variables that are expected to change due to the manipulation of independent variables.

Extinction

The cessation of a response that is performed in the absence of reinforcement.

Operant Behavior

A behavior that is influenced by the consequences that follow it, often associated with the principles of reinforcement and punishment in behavioral psychology.

Stage Theories

Theoretical perspectives that describe human development and behavior as occurring in distinct phases or stages, each with its unique set of characteristics and challenges.

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