When respondents provide wrong answers due to impaired memory then it is known as faulty recall.

Who submits a request for life insurance to a company?

A. The beneficiary B. The underwriter C. The applicant D. The agent

For an adjustable-rate loan, which of the following features would limit how much the principal balance could increase in the event that the payment increases didn't keep up with the rate increase?

A. Interest rate cap B. Mortgage payment cap C. Negative amortization cap D. Conversion option