loan: money that needs to be repaid by the borrower, generally with interest.\n\nreflection questions\n1…

loan: money that needs to be repaid by the borrower, generally with interest.\n\nreflection questions\n1. how did the borrower show that he or she is responsible?\n2. have you ever had someone borrow money or something else of value from you and never pay you back or return the item? if so, how did it make you feel? if not, how do you imagine it would make you feel?\n3. have you ever borrowed money or something else of value from anyone? if so, how did it feel to owe someone? if not, how do you imagine it would make you feel?\n4. why do you think a person who hasn’t been responsible with a loan in the past might have a hard time borrowing money again in the future?

loan: money that needs to be repaid by the borrower, generally with interest.\n\nreflection questions\n1. how did the borrower show that he or she is responsible?\n2. have you ever had someone borrow money or something else of value from you and never pay you back or return the item? if so, how did it make you feel? if not, how do you imagine it would make you feel?\n3. have you ever borrowed money or something else of value from anyone? if so, how did it feel to owe someone? if not, how do you imagine it would make you feel?\n4. why do you think a person who hasn’t been responsible with a loan in the past might have a hard time borrowing money again in the future?

Answer

Brief Explanations:

  1. A responsible borrower may show it by making timely repayments, communicating effectively about any issues, and following through on agreements.
  2. If someone doesn't pay back or return an item, it can cause feelings of frustration, disappointment, and a sense of loss. Imagining it might evoke similar negative emotions due to the violation of trust.
  3. Borrowing and owing someone can bring feelings of obligation, gratitude, and perhaps a bit of anxiety about repaying. Imagining it might involve similar thoughts about the responsibility and potential social - relationship implications.
  4. A person with a history of irresponsibility with loans may have a damaged credit reputation. Lenders are risk - averse and may be reluctant to lend again due to the perceived higher risk of non - repayment.

Answer:

  1. By making timely repayments and keeping communication open.
  2. It can cause frustration and disappointment. Imagining it might evoke similar negative feelings.
  3. It can bring feelings of obligation and anxiety. Imagining it might involve similar thoughts about responsibility.
  4. Due to a damaged credit reputation and perceived higher risk of non - repayment.