Lem is looking at new cars. each one he sees has a certain trim detail across the hood which he somewhat likes at the start of the day. at the end of the day, and fifteen cars later, he really likes the detail. his opinion is influenced by the

Lem's opinion is influenced by the mere exposure effect, wherein one develops a preference or liking for something on the basis that they are familiar with that something. Here, Lem is familiar with something at the start of the day (the detail), and he continues to like that detail at the end of the day because of this effect.

Secured loans are protected by collateral security. examples: title loans where the borrower uses the car title as collateral security interest rates are lower and repayments are longer therefore risk is low as a collateral security is given as guarantee to the bank in case of failure to pay the loanunsecured loans are not protected by collateral security but it is given on the creditworthiness of the borrower, trusting that she/he will pay on time. examples; payday loans is a short term loan where the borrower lends money from the bank and pays is back when the borrower receives his/her wages.interest rates are high and repayments are shorter. but the risk is high as no collateral security is given as a guarantee to the bank for payment of the loan

False according to edgenuity