Which Statement Is False Regarding Consumer Loans

question 101

Multiple Choice

Which statement is false regarding consumer loans?

• A)Consumer loans are usually used for bigger purchases.
• B)Consumer loans can range from open credit to credit cards.
• C)Consumer loans are sometimes called "planned borrowing."
• D)Consumer loans can range from single-payment loans to installment loans.

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Definitions:

Awareness Level

The degree of consciousness or alertness an individual has toward their environment or specific stimuli.

Unconscious

Part of the mind that is inaccessible to the conscious mind but that affects behavior and emotions, a fundamental concept in psychoanalytic theory.

Subconscious

Part of the mind that operates below the level of conscious awareness, storing memories, desires, and experiences that influence conscious thought and behavior indirectly.

Id

The Id is a concept in psychoanalytic theory referring to the part of the psyche that is the source of instinctual impulses and demands for immediate satisfaction of primitive needs.