A Game in Which Any Gains Within the Group Are

question 15

Multiple Choice

A game in which any gains within the group are exactly offset by equal losses by the end of the game is a

• A) positive-sum game.
• B) zero-sum game.
• C) strategy.
• D) negative-sum game.

---

Definitions:

Security Interest

A legal claim or lien on collateral that has been pledged, usually to secure repayment of a loan or debt.

Purchase-Money Security Interest

A security interest in property that secures the extension of credit by a lender to the borrower for the purpose of acquiring the property.

Perfection

In legal and financial contexts, it refers to the act of completing all necessary steps to establish a secured interest or claim that is enforceable against others.

Purchase Money Security Interest

A legal claim that allows a lender to repossess or foreclose on property if the borrower fails to pay back a loan used to purchase the property.