Collateral

question 14

Multiple Choice

Collateral

• A)gives the lender additional recourse if the payments are not made.
• B)is used on unsecured loans.
• C)increases the interest rate on loans.
• D)is required on all loans except revolving credit.

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Definitions:

Hierarchical

characterizes systems or organizations structured in levels of rank or authority, where higher levels have control over the lower ones.

Approach-Inhibition Model

A psychological theory suggesting that power increases an individual's tendency to approach positive stimuli and outcomes, while reducing their perception of risks.

Teachers

Educators or instructors who facilitate learning for students, typically in a school, college, or university setting.

Students

Individuals enrolled in an educational institution for the purpose of learning.