In Driving Around Town One Day,you Noticed Most of the Payday

question 50

Multiple Choice

In driving around town one day,you noticed most of the payday loan companies were located close to the college and the local military base and there were none out in the newer neighborhoods.Why do you think this is so?

• A)The rent on these locations is less expensive.
• B)Payday lenders tend to focus on less experienced borrowers who typically don't make a lot of money.
• C)Because their terms are so affordable people with low incomes really take advantage of them.
• D)There are zoning laws that require these types of locations for these types of services.

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Definitions:

Schema

Mental structures that influence how information is interpreted and processed; essential for understanding complex environments.

Mental Framework

The underlying structure of beliefs, ideas, and attitudes that shapes an individual's perception and understanding of the world.

Cognitive

Pertaining to mental processes, including perception, memory, judgment, and reasoning, as related to the acquisition, understanding, and use of knowledge.

Women of Color

A term used to describe females of non-white racial or ethnic backgrounds, highlighting diversity within women's experiences.