Your House Is Worth $278 000 and You Have a First

question 82

Multiple Choice

Your house is worth $278 000 and you have a first mortgage of $190000.You are also using the house to secure a personal loan for $8500.How large a home equity line of credit can you qualify for?

• A)$63 600.
• B)$31 400.
• C)$70 400.
• D)$23 900.

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Definitions:

Reinforcement Contingencies

Conditions in which the delivery of rewards or punishments are contingent upon a specific behavior, used to increase or decrease the likelihood of that behavior's occurrence.

Shaping

A method of teaching new behaviors by successively reinforcing behaviors that approximate the target behavior.

Higher-Order Conditioning

A type of learning where a new stimulus becomes associated with an already conditioned stimulus, resulting in the same conditioned response.

Spontaneous Recovery

Following a period without exposure to the conditioned stimulus, a conditioned response that had previously disappeared resurfaces.