Sylvia Wants to Purchase a Home

question 34

Multiple Choice

Sylvia wants to purchase a home. She is recently divorced and is receiving alimony for the next ten years in addition to child support for her three year old son. She has been in her present job for five years. What sources of income can she include in her loan application?

• A) Her salary from her job and alimony.
• B) Her salary from her job only.
• C) Her salary from her job and child support.
• D) Her salary from her job, alimony, and child support.

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Definitions:

Primacy Effect

The tendency to remember and emphasize the first pieces of information encountered about a topic, person, or situation.

Recency Effect

The psychological phenomenon where the most recently presented information or experiences are easier to remember than older information.

Perceptual Biases

Cognitive biases that result in distorted, illogical, or irrational perception and judgment.

Johari Window

A model used to understand and improve self-awareness, interpersonal relationships, and group dynamics through disclosure and feedback.