Steering and Targeting Occurs When the Lender Manipulates a Borrower

question 65

True/False

Steering and targeting occurs when the lender manipulates a borrower into accepting a loan product that benefits the lender but is not the best loan for the borrower.

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Definitions:

Metacognition

The awareness and understanding of one's own thought processes, often referred to as "thinking about thinking."

Metamemory

An individual's knowledge and awareness of their own memory capabilities and strategies.

Preconventional Level

The first level of Kohlberg's stages of moral development, where behavior is governed by the consequences of the action and compliance with rules to avoid punishment or gain rewards.

Moral Reasoning

The process of determining what is right or wrong in a specific situation, based on ethical principles, values, and beliefs.