Cold Creek Credit Union Has Liabilities of $450,000 and Net

question 42

Multiple Choice

Cold Creek Credit Union has liabilities of $450,000 and net worth of $175,000. Cold Creek Credit Union's assets are

• A) $175,000.
• B) $275,000.
• C) $450,000.
• D) $625,000.

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Definitions:

Law Of Small Numbers

A cognitive bias where people infer broader conclusions from a small set of observations than is statistically warranted.

Bias

A tendency to lean in a certain direction, often to the detriment of an open mind, leading to partial judgment or prejudice.

SDO Individuals

Individuals high in Social Dominance Orientation, a personality trait characterized by a preference for inequality among social groups.

Relative Gain

The concept in international relations that states measure their gains in comparison to those of other states.